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标题: Reading 55: Market Organization and Structure-LOS d 习题精选 [打印本页]

作者: 1215    时间: 2011-3-29 16:05     标题: [2011]Session 13-Reading 55: Market Organization and Structure-LOS d 习题精选

Session 13: Market Organization, Market Indices, and Market Efficiency
Reading 55: Market Organization and Structure

LOS d: Describe the types of financial intermediaries and the services that they provide.

 

 

Financial intermediaries that issue securities which represent interests in a pool of similar financial assets are best characterized as:

A)
block brokers.
B)
arbitrageurs.
C)
securitizers.


Securitizers are financial intermediaries that assemble large pools of similar financial assets, such as mortgages or loans, and issue securities that represent interests in the pool. Block brokers assist their clients with large trades of securities. Arbitrageurs simultaneously buy and sell the same asset in different markets to take advantage of different prices for the same asset.






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