Which of the Following Apply to a Specialist Who Trades

question 37

Multiple Choice

Which of the following apply to a specialist who trades on the floor of the NYSE?
I.provides liquidity for an individual security
II.partially being replaced by SuperDOT
III.pays an annual fee for a trading license
IV.acts as a dealer

• A)I and III only
• B)II and IV only
• C)I, III, and IV only
• D)II, III, and IV only
• E)I, II, III, and IV

---

Definitions:

Long Term

Refers to a period that extends over a significant length of time, often implying stability or commitment in financial, strategic, or planning contexts.

Mutually Exclusive

Describes two or more events that cannot occur at the same time in a given experiment or situation.

Event A

A generic term used to describe a particular outcome or set of outcomes within a probability space or experiment.

Event B

An occurrence or outcome within a statistical experiment to which a probability can be assigned.