The Primary Function of Large Diversified Brokerage Firms in the Money

question 72

Multiple Choice

The primary function of large diversified brokerage firms in the money market is to

• A) sell money market securities to the Federal Reserve for its open market operations.
• B) make a market for money market securities by maintaining an inventory from which to buy or sell.
• C) buy money market securities from corporations that need liquidity.
• D) buy T-bills from the U.S. Treasury Department.

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