QUESTION 11 In dealers' markets: a. Traders sell to the dealer at the Ask and buy at the Bid. b. Traders sell to the dealer at the Bid and buy at the Ask. Both a. and b. d. None of the above. QUESTION 12 Dealers are best defined as: a. Passive traders who trade when others want to trade. O b. Active traders looking to profit from timing the market. High-frequency traders looking to exploit market inefficiencies. O d. 'None of the above. C