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Basic Question 1 of 15

What service do dealers provide?

A. External efficiency (prices adjust to new information rapidly)
B. Liquidity
C. Internal efficiency (low transaction cost)

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I am happy to say that I passed! Your study notes certainly helped prepare me for what was the most difficult exam I had ever taken.
Andrea Schildbach

Andrea Schildbach

Learning Outcome Statements

describe types of financial intermediaries and services that they provide

CFA® 2025 Level I Curriculum, Volume 3, Module 1.