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

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Definitions:

False Alarm

An instance where a warning or signal is given, but no real danger or threat actually exists; it can also refer to a mistaken belief that a target or signal has been detected.

Low Threshold

Refers to a situation or condition that requires a minimal stimulus to elicit a response or reaction.

Sensory Adaptation

A phenomenon of the sensory system in which sensitivity to a constant stimulus decreases over time.

Progressive Desensitization

A therapeutic method gradually exposing individuals to the things they fear in a controlled way to decrease their sensitivity.