Question

Which of the following is/are true about specialists?
I. Investment banks generally cannot be specialists
II. Specialists are used by the NASDAQ system
III. Market and limit orders are transacted at specialist posts, but the specialist's own account orders are executed elsewhere
IV. Specialists help maintain continuous trading
A. I, II, and III only
B. I and IV only
C. II, III, and IV only
D. I only
E. III only

Answer

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