What Is the Difference Between a Broker and a Dealer

question 11

Multiple Choice

What is the difference between a broker and a dealer?

• A)There is no difference.
• B)The broker takes a position in a transaction while a dealer for a fee merely arranges trades between buyers and sellers.
• C)The broker sells stocks and bonds, whereas the dealer only deals in bonds.
• D)The dealer sometimes takes a position (becomes a principal) in a transaction, in addition to arranging trades; the broker only arranges trades for a fee.

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Definitions:

Circulating Tissues

Circulating tissues refer to fluid, cell-containing components of the body that move throughout the circulatory system, such as blood and lymph, facilitating transport and immunity.

Serous Membrane

A thin membrane lining the closed cavities of the body, producing a serous fluid that reduces friction between the organs.

Haversian Canals

Channels in bone that contain blood vessels and nerves, part of the bone's internal structural system.

Shivering

An involuntary response to cold, involving rapid, rhythmic muscle contractions to generate heat and increase body temperature.