Series 53: Exercise

Exercise

Fill in the blank

1. 1. When the firm acts as a dealer, it is a/n _____ transaction.
2. 2. A group of municipals dealers teams up to purchase and sell a large block of municipal securities. They will form a/n _____ account.
3. 3. The secondary market for dealers is also known as a/n _____ market.
4. 4. If the firm is acting as a go-between for the buyer and seller, then this is a/n _____ transaction.
5. 5. _____ are dealers that buy and sell out of their own inventory and post bid and ask prices.
6. 6. A municipal bond dealer that specializes in brokering transactions for other municipals dealers is a/n _____.