Unlike primary dealers, ________ had to make large cash deposits or provide guarantees to ensure that they could fulfill their obligation to purchase the securities for which they bid.

Question

Quizplus · Accepted Answer

Nonprimary dealers had to make large cash deposits or provide guarantees to ensure that they could fulfill their obligation to purchase the securities for which they bid. Recognized dealers and reporting dealers do not necessarily have the same obligation as primary or nonprimary dealers. Therefore, option D is not the correct answer.

Unlike Primary Dealers, ________ Had to Make Large Cash Deposits