issessment

I. Investment banks generally cannot be specialists.

II$.$ Specialists are used by the NASDAQ system.

III. Market and limit orders are transacted at specialist posts, but the specialist's own account orders are executed elsewhere.

IV$.$ Specialists help maintain continuous trading.

Multiple Choice

$$ I, II$,$ and III only

$$ I and IV only

II$,$ III, and IV only

I only

$$ III only