Chartered Financial Analyst Level 1
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Which of the following financial intermediaries is most likely to provide liquidity services to its clients?
A
Brokers act as agents who execute orders for their clients but do not engage in trading with them.
B
Dealers provide liquidity services, enabling clients to buy or sell securities with low transaction costs when they wish to trade.
C
Exchanges serve as platforms where traders and dealers can meet to arrange their trades.