Multiple Choice
________ permit intermediaries to provide liquidity. Intermediaries may be brokers (who are agents for the naturals) ; dealers or market-makers (who are principals in the trade) ; and specialists, as on the New York Stock Exchange (who act as both agents and principals) . Dealers are independent, profit-making participants in the process.
A) A limit-driven market
B) An auction market
C) A dealer-driven market
D) A quote-driven market
Correct Answer:
Verified
Correct Answer:
Verified
Q45: Specialists are also responsible for balancing buy
Q46: Which of the below statements is TRUE?<br>A)
Q47: Which of the below statements is FALSE?<br>A)
Q48: The construct of the Nasdaq as a
Q49: In general, options trading is composed of
Q51: The U.S. stock market is composed of
Q52: Direct market access (DMA) refers to the
Q53: _ matches buy and sell orders in
Q54: _ is often defined as a market
Q55: Demutualization occurs by giving the members shares