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.
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发表于 2008-5-19 21:24
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