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17 January, 12:30

Which one of the following is a general characteristic of a securities broker?

A. Trades from his or her own inventory

B. Trades only foreign securities

C. Trades listed securities in an auction market

D. Trades electronically from any geographic location

E. Is the principal trader of debt securities

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  1. 17 January, 15:43
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    Answer:C. Trade listed security in an auction market

    Explanation:

    A broker is an agent in the securites market that deals in the purchase and sales of securities for a return referred to as brokerage.

    The securites market is an auction market for securities.

    He may or may not trade from his own inventory, his trading his not restricted to foreign securities, he may trade physically or electronically and he his a principal trader of not only debt securities but including equity securities.
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