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Suppose in the New York stock exchange in Wall Street, the full company name flashed across to stock brokers who are frantically trying to sell and buy stock shares. By using abbreviations, it reduces the need for a lengthy name and makes it easier for stock exchange to occur quickly. Much like how one would address someone "Mr. Smith" instead of "Mister Smith."
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Earn +20 ptsQ: Why do companies use abbreviations for their names like GMAC?
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