Which One of the Following Has the Greatest Duty to Provide

question 51

Multiple Choice

Which one of the following has the greatest duty to provide liquidity to the financial market?

• A)floor broker
• B)independent broker
• C)dealer
• D)designated market maker
• E)floor trader

---

Definitions:

Bailee

The person to whom a bailment is made.

Waived Rights

Rights that an individual or entity has voluntarily chosen to relinquish or forsake, often through a formal statement or agreement.

Strict Performance

A legal principle requiring parties to a contract to perform their obligations precisely, without deviation from the contract terms.

Place of Delivery

The specific location agreed upon by the seller and the buyer where the goods will be delivered and ownership is transferred.