Series 7 Exam Question 225: Answer and Explanation
Question: 225
Who maintains a fair and orderly market on the New York Stock Exchange trading floor?
- A. Floor brokers
- B. Two-dollar brokers
- C. Designated market makers
- D. Order book officials
Correct Answer: C
Explanation:
C. The Designated Market Maker (DMM or Specialist) is responsible for maintaining a fair and orderly market on the NYSE floor. The DMM helps keep trading as active as possible by executing trades for customers and by trading out of his own account if needed.
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