Select your language

Suggested languages for you:
Log In Start studying!
Answers without the blur. Just sign up for free and you're in → Illustration

Q2CP

Expert-verified
Essentials Of Investments
Found in: Page 82
Essentials Of Investments

Essentials Of Investments

Book edition 9th
Author(s) Zvi Bodie, Alex Kane, Alan Marcus, Alan J. Marcus
Pages 748 pages
ISBN 9780078034695

Short Answer

Specialists on the New York Stock Exchange traditionally did all of the following except:

a. Act as dealers for their own accounts.

b. Execute limit orders.

c. Help provide liquidity to the marketplace.

d. Act as odd-lot dealers.

The correct answer is option‘d’.

See the step by step solution

Step by Step Solution

Step 1: Definition

New York Stock Exchange is an American Stock Exchange which is the world’s largest stock exchange by market capitalization

 Step 2: Explanation

Answer d: Act as odd-lot dealers; because odd-lot dealers are specialists who trade in stocks w\whose price is less than $100 per piece.

Recommended explanations on Business-studies Textbooks

94% of StudySmarter users get better grades.

Sign up for free
94% of StudySmarter users get better grades.