In a ________ Market, intermediaries step in to both match willing buyer and wil
ID: 2613471 • Letter: I
Question
In a ________ Market, intermediaries step in to both match willing buyer and willing seller as well as to intermediate the trade by maintaining "inventory" of the asset. A ________ Market, in contrast, is like the last market but has intermediaries who do not take "inventory" of the asset. Finally, a ________ has no facilitating agents stepping in or matching buyers and sellers.
Brokered, Dealer, Direct Search
Brokered, Direct Search, Dealer
Dealer, Brokered, Direct Search
Direct Search, Dealer, Brokered
a.Brokered, Dealer, Direct Search
b.Brokered, Direct Search, Dealer
c.Dealer, Brokered, Direct Search
d.Direct Search, Dealer, Brokered
Explanation / Answer
In a Dealer market, intermediaries step in to both match willing buyer and willing seller as well as to intermediate the trade by maintaining "inventory" of the asset. A Brokered Market, in contrast, is like the last market but has intermediaries who do not take "inventory" of the asset. Finally, a Direct search has no facilitating agents stepping in or matching buyers and sellers.