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Basic Question 1 of 15
What service do dealers provide?
B. Liquidity
C. Internal efficiency (low transaction cost)
A. External efficiency (prices adjust to new information rapidly)
B. Liquidity
C. Internal efficiency (low transaction cost)
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I passed! I did not get a chance to tell you before the exam - but your site was excellent. I will definitely take it next year for Level II.
Tamara Schultz
Learning Outcome Statements
describe types of financial intermediaries and services that they provide
CFA® 2025 Level I Curriculum, Volume 3, Module 1.