The major difference between the broker and the dealer is that:
A) The broker receives a commission for receiving, transmitting, and executing investors' orders.
B) The broker does not buy and hold in inventory or sells from inventory the financial asset that is subject of a trade.
C) The broker acts as an auctioneer in some market structures.
D) a and b only.
E) All of the above.
Correct Answer:
Verified
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