Which of the Following Is NOT a Characteristic of a Dealer

question 63

Multiple Choice

Which of the following is NOT a characteristic of a dealer market?

• A)Dealers make a profit on the spread between what they pay for financial assets and what they sell them for.
• B)Securities are auctioned off to the highest bidder.
• C)Dealers buy and sell from their own portfolio.
• D)All of the above are characteristics of the dealer market.

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Definitions:

Bank

A financial institution licensed to receive deposits and provide loans, along with offering various other financial services.

Postage Expense

The cost incurred by a business for sending mail, packages, or parcels through the postal service or courier companies.

Petty Cash Fund

A small amount of cash on hand used for covering minor expenses, managed through a system of vouchers to maintain control.

Depositor's Bank Account

An account maintained by an individual at a bank in which they can deposit or withdraw funds.