1. An Electronic Communication Network (ECN) most closely resembles:

		a call market.
		a Dutch auction.
		an automated limit book.
		a primary market.

2. Unlike the market for common stock the real estate markets is characterized by many brokers and very few dealers. One possible reason could be:

		Low turnover leading to large capital commitments.
		Real estate is a low risk investment with high turnover.
		The bid ask spreads are too narrow for the dealers to make a profit.