Q4: Solve the following with explanation: , Which of the following are most likely to provide liquidity service to their clients? A. Brokers. B. Dealers. C. Exchanges. ii. The guarantee of contract performance in futures market is most likely provided by: A. clearing house. B. futures exchange. C. Securities and Exchange Commission. iii. Which of the following statements is least accurate? A. Exchanges sometimes act as brokers by providing electronic exchange matching. B. Alternative trading system that reveal current client orders are known as dark pools. C. Dealers facilitate trading by buying for and selling from their own inventory. iv. Which of the following is most likely to be cancelled if it cannot be filled (in part or in whole) very quickly? A. Good-till-cancelled order. B. Fill-or-kill orders. C. Good-on-close orders. v. Sam has placed a buy market-on-open ordera market order that would automatically be submitted at the market's open tomorrow and would fill at the market price. This order is most likely an example of a(an): A. execution instruction. B. validity instruction. C. clearing instruction