Which one of the following statements concerning dealers and brokers in the financial markets is correct?
A) A broker never assumes ownership of the securities being traded.
B) A dealer pays the ask price when purchasing securities.
C) A broker earns income in the form of a bid-ask spread.
D) A dealer in market securities arranges sales between buyers and sellers for a fee.
E) A broker deals solely in the primary market.
Correct Answer:
Verified
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