Q. The key difference between a broker and a dealer is that:

1. dealers act as principals.

2. brokers act as market makers.

3. brokers trade directly with other market participants.

Q. Documentation that conveys ideas, concepts, or information is meeting which of the following objectives?

1. Measuring

2. Authorising

3. Communicating

Q. Investment industry participants have been able to reduce operating costs over the years because of:

1. regulation.

2. globalisation.

3. computerisation.