The duties of a specialist include which of the following?
I.maintain an orderly market
II.offer a higher bid price than the floor brokers
III.provide liquidity to the market
IV.purchase all shares offered as limit sell

Question

Quizplus · Accepted Answer

The duties of a specialist include maintaining an orderly market and providing liquidity to the market. They do not offer a higher bid price than the floor brokers or purchase all shares offered as limit sell, as those actions are determined by market supply and demand. Therefore, choices II and IV are incorrect, leaving us with choices A, C, or D. However, choice D is incorrect as specialists do not purchase all shares offered as limit sell. Therefore, the correct answer is choice A, which includes the correct duties of a specialist.

The Duties of a Specialist Include Which of the Following