There are many differences between broker markets and dealer markets. These differences include such things as membership, location, regulation, and several other characteristics
Discuss at least five key differences between these two markets.
What will be an ideal response?
Answer: BROKER MARKETS—listing requirements, central physical location, members own seats, transactions occur through an auction process, specialists maintain fair and orderly markets, limited securities traded, limited number of securities traded, brokers charge commission to execute trades; largest in terms of dollar volume.
DEALER MARKETS—unlisted securities, most bonds traded here, primary and secondary market, decentralized locations, NASD membership required to trade; dealers make profit from bid/ask spread; largest in terms of number of companies.
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Which of the following is true for air pollution controls on transportation provided by the Clean Air Act?
A. The 1970 Clean Air Act does not provide for the regulation and registration of fuel additives such as lead. B. Under the Clean Air Act, no manufacturer may sell vehicles subject to emission standards without prior certification from the EPA that the vehicles meet the required standards. C. The 1970 Clean Air Act required a reduction by 1976 of 60 percent in the amount of the carbon monoxide and hydrocarbons emitted by automobiles. D. To satisfy the requirements of the 1970 Clean Air Act, manufacturers could rely on already existing technology to meet the pollution control standards.
Service organizations incur little or no cost for
A) services. B) overhead. C) materials. D) labor.
Which of the following statements best describes the effects of recognizing revenue earned by a business entity?
A) Assets increase only when cash sales are collected. B) Stockholders' equity increases only when credit sales are made. C) Assets and stockholders' equity increase when either cash or credit sales are made. D) Assets increase and stockholders' equity decreases when either cash or credit sales are made.
Reliability is the probability that a machine part or product will function properly for a specified time regardless of conditions
Indicate whether the statement is true or false