A Market-Maker

question 17

Multiple Choice

A market-maker

• A)buys and sells securities out of his own inventory.
• B)is able to view limit orders that have not yet been executed, making him privy to information unavailable to other traders.
• C)matches buyers and sellers for security transactions.
• D)both A and B

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Definitions:

Unattached Piece

A component or part that is not connected or associated with the main body or structure to which it could belong.

Federal Trade Commission (FTC)

A U.S. federal agency established to protect consumers and promote competition by preventing anticompetitive, deceptive, and unfair business practices.

Holder In Due Course Rule

A legal principle that protects the holder of a negotiable instrument from claims and defenses that could be raised against the original party.

Consumer Credit

A type of credit granted to individuals to purchase goods and services, often used for transactions not involving a business.