CFA Practice Question

There are 275 practice questions for this study session.

CFA Practice Question

______ connect buyers to sellers who are present at the same time but in different places.
A. Brokers
B. Dealers
C. Arbitrageurs
Explanation: Arbitrageurs buy from a seller in one market while simultaneously selling to a buyer in another market. Dealers, however, connect buyers to sellers who are present at the same place but at different times.

User Contributed Comments 5

User Comment
meeravenk I thought arbitrageur first but when i saw different 'places' instead of different 'markets', i changed my answer to brokers. Hmmm....
jjhigdon I did the same thing as meeravenk. Under this used of the term, a buyer in LA and a seller in NYC are apparently in the same "place".
jcsk why is it not brokers?
tung brokers normally connect buyers and sellers in one place, not different ones.
farhan92 cheeky one this!
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