2008 CFA Level 1 － Sample 样题(1)－Q40 black, class

8586

40、In securities exchange markets, a member who executes stop loss or stop buy orders when the specified price occurs is most likely a:

A. floor broker.

B. market maker.

C. registered trader.

D. commission broker.

[此贴子已经被作者于2008-11-7 15:50:31编辑过]

8586

Correct answer = B

"Organization and Functioning of Securities Markets," Frank K. Reilly and Keith C. Brown
2008 Modular Level I, Vol. 5, pp. 24-30
Study Session 13-52-e
compare and contrast major characteristics of exchange markets including exchange membership, types of orders, and market markers
Market markers (specialists) have two major functions. They act as brokers to match buy and sell orders, including special (stop loss or stop buy) orders. They also act as a dealer to maintain a fair and orderly market by providing liquidity when the normal flow of orders is not adequate. 

 

cxz0858

H

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doggydaddy

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skyful

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Riverview

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zhangxie83

a

gening

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