CFA Practice Question

There are 275 practice questions for this study session.

CFA Practice Question

In securities exchange markets, a member who executes stop-loss or stop-buy orders when the specified price occurs is most likely a ______.
A. registered trader
B. commission broker
C. specialist
Explanation: The specialists (market makers) have two major functions. They act as brokers to match buy and sell orders, including special (stop-loss or stop-buy) orders.

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