Brokerage firms engage in all of the following securities market activities except for acting as ________.
A)brokers
B)dealers
C)central bankers
D)investment bankers

Question

Quizplus · Accepted Answer

Brokerage firms act as intermediaries between buyers and sellers in the securities markets, acting as brokers or dealers. They can also engage in investment banking activities such as underwriting securities offerings. However, central banking activities are reserved for central banks like the Federal Reserve and are not part of the services offered by brokerage firms.

Brokerage Firms Engage in All of the Following Securities Market