- CFA Exams
- CFA Level I Exam
- Topic 5. Equity Investments
- Learning Module 36. Market Organization and Structure
- Subject 3. Financial Intermediaries
CFA Practice Question
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)
Correct Answer: B
Dealers basically allow their clients to trade whenever they want to trade.
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