All of the following are characteristics of a dealer market EXCEPT that:
A) it is a quote-driven market.
B) the NASDAQ market is a dealer market.
C) individual dealers buy and sell shares for themselves.
D) it has a centralized trading location.
E) All of these are correct.

Question

Quizplus · Accepted Answer

Dealer markets do not have a centralized trading location; instead, transactions occur over electronic networks, connecting buyers and sellers through dealers who carry inventories of securities to facilitate trades.

All of the Following Are Characteristics of a Dealer Market