Describe the dealer system for marketable U.S. government securities.
Chapter 8, Review Questions #11
Describe the dealer system for marketable U.S. government securities.Dealer
A dealer in the securities market is an individual or firm who stands ready and willing to buy a security for its own account (at its bid price) or sell from its own account (at its ask price). A dealer seeks to profit from the spread between the...
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Related Book For
Introduction to Finance Markets, Investments and Financial Management
Authors: Ronald W. Melicher, Edgar A. Norton