Which One of the Following Statements Concerning Dealers and Brokers

Multiple Choice

Which one of the following statements concerning dealers and brokers in the financial markets is correct?

A) A broker never assumes ownership of the securities being traded.
B) A dealer pays the ask price when purchasing securities.
C) A broker earns income in the form of a bid-ask spread.
D) A dealer in market securities arranges sales between buyers and sellers for a fee.
E) A broker deals solely in the primary market.