has two major functions: to handle special orders, such as purchases with a price contingency, and to rmaintaincontinuous, iquidder 15. A) A registered trader ) A specialist An odd-lot dealer D) Commission broker. 16. Which of the following is NOT a characteristic of the Dow Jones Industrial Average? A) It includes only very high quality common stock B) Most popular benchmark of day to day market activity. ) It consists of 30 large industrial companies. It is a value weighted average. 17. Which of the following is a characteristic of the Standard and Poor's 500 Index? It is widely used by professional money managers It is a value weighted index. A) C) It contains 500 companies in different industries. All of the above 18. Online brokers have become popular because A) they offer discounts on stock research reports. B their commissions are lower than full-service or discount brokers. C) they specialize in the stock of low priced securities. D) only online brokers can service self-directed individual retirement accounts. 19. If you have a you have to pay for trades in full for all purchases by the settlement date which is 3 business days. Margin account Cash account C) Market account D) None of the above