Which of the Following Replaced the Role of Specialists on the Floor

question 16

Multiple Choice

Which of the following replaced the role of specialists on the floor of the NYSE exchange?

• A)floor brokers
• B)designated market makers
• C)supplemental liquidity providers
• D)exchange traders
• E)pit bulls

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Definitions:

Exiting

The process of leaving or withdrawing from a particular situation, status, or location, often used in the context of businesses or markets.

Perfectly Competitive Market

A market structure characterized by infinite buyers and sellers, freedom of entry and exit, and perfect information, where no single entity can influence the market price.

Unique Goods

Products or services that are distinctive due to their rarity, design, or attributes, making them unlike any other in the market.

Perfectly Competitive Market

A market structure characterized by many buyers and sellers, identical products, and free entry and exit, leading to efficient outcomes.