Series 53: Exercise

Exercise

Fill in the blank.

1. When the firm acts as a dealer, it is a/n _____ transaction.

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. The secondary market for dealers is also known as a/n _____ market.

4. If the firm is acting as a go-between for the buyer and seller, then this is a/n _____ transaction.

5. _____ are dealers that buy and sell out of their own inventory and post bid and ask prices.

6. A municipal b