Securities are traded on the floor of the exchange with the help of a special kind of dealer-broker called a(n)________.
A)underwriter
B)specialist
C)banker
D)manager

Question

Quizplus · Accepted Answer

The specialist is a dealer-broker who manages the trading of specific securities on the floor of the exchange. They are responsible for maintaining a fair and orderly market for their assigned stocks and can buy and sell shares from their own account to facilitate trading. Underwriters are involved in the initial public offering (IPO) process of issuing new securities, bankers may be involved in investment banking services, and managers can refer to a variety of roles not specifically related to trading securities on an exchange.

Securities Are Traded on the Floor of the Exchange with the Help