When a Securities Firm Acts as A(n) ____, It Makes

question 93

Multiple Choice

When a securities firm acts as a(n) ____, it makes a market in specific securities by maintaining an inventory of those securities.

• A) adviser
• B) dealer
• C) broker
• D) none of the above

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Definitions:

Marginal Utility

Marginal utility refers to the extra satisfaction or benefit a consumer receives by consuming an additional unit of a good or service.

Total Utility

The complete gratification or advantage gained from using a specific quantity of a product or service.

Marginal Utility

The additional satisfaction or utility that a consumer receives from consuming one more unit of a good or service.

Utility-maximizing

Utility-maximizing refers to a principle in economics where individuals or businesses seek to achieve the highest level of satisfaction or profit from their decisions, given their resources and constraints.