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The Primary Function of Large Diversified Brokerage Firms in the Money

Question 8

Multiple Choice
The primary function of large diversified brokerage firms in the money market is to

The primary function of large diversified brokerage firms in the money market is to


A) sell money market securities to the Federal Reserve for its open market operations.
B) make a market for money market securities by maintaining an inventory from which to buy or sell.
C) buy money market securities from corporations that need liquidity.
D) buy T-bills from the U.S. Treasury Department.

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