Market Participants Are Buyers and Sellers in the Principal Market

Multiple Choice

Market participants are buyers and sellers in the principal market for the asset or liability that have all of the following characteristics except:

A) They have expertise in the principle market and are experienced buyer of similar assets or liabilities.
B) They are independent of each other.
C) They are knowledgeable about the asset or liability and use all available information to appropriately benefit from the asset or settle the liability.
D) They are able to enter into a transaction for the asset or liability, meaning that they possess the legal, financial and operating capabilities.