Trading can be seen as a process that discovers the value of the traded item.
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Q31: Wide bid-ask spreads enhance market liquidity because
Q32: Liquid markets allow investors to follow the
Q33: The bid-ask spread within a market is
Q34: Liquid secondary markets reduce the cost of
Q35: Dealers in the financial markets are required
Q37: The expression 'quote-driven markets' refers to the
Q38: A dealer's position is not exposed to
Q39: Financial markets are major users of financial
Q40: Securities with relatively high levels of price
Q41: Bull and bear markets appear to be
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