CFA Practice Question

There are 275 practice questions for this study session.

CFA Practice Question

A call market is least likely characterized as a market ______.
A. with bid-ask prices posted by dealers
B. where buy-sell orders are cleared at a single equilibrium price
C. with participation by a small number of active investors/traders
Explanation: In a call market, traders/investors indicate their bids and asks for stocks; they are not posted by dealers. Also, a call market is not a dealer- or quote-driven market.

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