Multiple Choice
Davis frequently trades on the NASDAQ exchange. He has made a commitment to constantly buy and sell the stocks of Ossani & Gautier, an automobile manufacturing company that is listed on the exchange. He competes for customer order flow by quoting the bid price and the ask price for a number of shares. The information given in the scenario indicates that Davis is a(n) _____.
A) market maker
B) accredited investor
C) floor broker
D) proprietary trader
Correct Answer:
Verified
Correct Answer:
Verified
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