Question: The basic difference between brokers and dealers is that: A. There is no difference. B. brokers can trade only on organized exchanges and dealers can

The basic difference between brokers and dealers is that:

A. There is no difference.

B. brokers can trade only on organized exchanges and dealers can trade only over-the-counter.

C. dealers own the securities they trade and brokers act as agent for buyer and seller.

D. brokers own the securities they trade and dealers act as agent for buyer and seller.

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