Comparing agency versus dealer markets,which combination of the following statements is true? (i)- In a "dealer market," the broker takes the client's order through the agent,who matches it with another public order.
(ii)- In an "agency market," the broker takes the trade through the dealer,who participates in trades as a principal by buying and selling the security for his own account.
(iii)- In an "agency market," the broker takes the client's order through the agent,who matches it with another public order.
(iv)- In a "dealer market," the broker takes the trade through the dealer,who participates in trades as a principal by buying and selling the security for his own account.
(v)- An agent can be viewed as a "broker's broker."
(vi)- A dealer can be viewed as a "broker's broker."

Question

Quizplus · Accepted Answer

In an agency market, brokers match client orders with other public orders, while in a dealer market, dealers trade securities for their own accounts. An agent can be seen as a "broker's broker."

Comparing Agency Versus Dealer Markets,which Combination of the Following Statements