Which of the Following Is a Characteristic of a Dealer

question 69

Multiple Choice

Which of the following is a characteristic of a dealer market, rather than auction market, for common stock?

• A)dealer markets are more likely to be centralized
• B)dealer markets operate as primary, not secondary, markets
• C)dealers may not offer all the same price for the same security
• D)dealer markets specialize in trading income stocks

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Definitions:

Financial Statements

A set of formal records that outline the financial activities and position of a business, individual, or other entity, typically comprising the balance sheet, income statement, and cash flow statement.

Statement Of Cash Flows

A financial report that shows how changes in balance sheet accounts and income affect cash and cash equivalents, breaking the analysis down to operating, investing, and financing activities.

Gain

An increase in wealth, assets, or profits, often realized from investments or other financial transactions.

Fixed Assets

Long-term tangible assets, such as buildings, machinery, and equipment, that are used in the operations of a business and are not expected to be consumed or converted into cash within a year.