Which of the Following Is/are True About Specialists

question 11

Multiple Choice

Which of the following is/are true about specialists?
I. Investment banks generally cannot be specialists.
II. Specialists are used by the NASDAQ system.
III. Market and limit orders are transacted at specialist posts,but the specialist's own account orders are executed elsewhere.
IV. Specialists help maintain continuous trading.

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

---

Definitions:

Size Limits

Refers to the maximum and minimum dimensions allowable for a manufacturing part or material.

Characteristic Symbol

A symbol assigned to specific features in technical drawings or diagrams to represent the type of characteristic or tolerance specified.

Angularity

Measures the angle deviation of a specified surface or feature from a specified reference, often used in geometric dimensioning and tolerancing.

Geometric Tolerances

The permissible limits of variation in the geometry of a part, detailed in technical drawings to ensure parts are manufactured consistently.