Which of the Following Statements Concerning Dealers Is False

question 100

Multiple Choice

Which of the following statements concerning dealers is false?

• A) Dealers usually buy and sell only for themselves.
• B) Dealers accept the risks of owning shares of stock.
• C) The OTC market is a dealer market.
• D) Most debt securities trade in dealer markets.
• E) The TSX and NYSE are dealer markets.

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Definitions:

Liability

A company's legal financial debts or obligations that arise during the course of business operations.

Revenue

The total income generated by a company from its business activities, including sales of goods or services before any expenses are deducted.

Asset

An economic resource owned or controlled by an individual or company, expected to provide future benefits.

Liability

A financial obligation or debt owed by a business to an external entity that must be repaid.