Kizspy | Question: 5
(Choose 1 answer)
Which of the following is (are) the characterization of dealer market?
A. It is time-consuming to search for a fair deal.
B. The dealer does not hold an inventory of securities.
C. The presence of a dealer market does not affect market efficiency because search costs are still high.
D. It improved market efficiency because dealers provide continuous bid and ask prices for securities.
