What is the main difference between a broker and a dealer?

A$.$

A dealer trades with the investor as a principal who buys shares from investors who want to sell, and who sells shares to investors who want to buy.

B$.$

A broker is an intermediary who is an agent, brings an investor's orders to the market and is paid a commission.

C$.$

Both A and B$.$

D$.$

A broker posts bid and ask quotes at which they are willing to trade.

$2)$If you want to buy $100$ shares of Apple stock at the current price immediately, you should place a$\_\_\_\_\_\_\_\_\_\_$order.

A$.$

market order

B$.$

limit buy order

C$.$

stop buy order

D$.$

not held order

$3)$If you want to buy $100$ shares of XYZ stock when the price is above $$24\mathrm{.}50,$ you should place a$\_\_\_\_\_\_\_\_\_\_\_$order.

A$.$

limit buy

B$.$

stop buy

C$.$

market order

D$.$

pegged order