Ulleet answer in your ien in your blue book', where working must be Section A 1. Merrill Lynch and UBS are examples of a. discount brokers b. wholesale brokers c. full-service brokers d. blue-chip brokers 2 Which of the following statements regarding discount brokers is true? a. All discount brokers offer on-line trading. b. Discount brokers only execute orders on stock transactions. c. Discount brokers may offer little investment advice. d. Discount brokers do not offer SIPC protection. 3. Which of the following requires a relatively large minimum investment, usually $100,000 or higher? a cash account an asset management account a margin account a. b. d. a wrap account at a large brokerage firm 4. NYSE Specialists are required to a. maintain a bid-ask spread no greater than 1 cent per share b. maintain a fair and orderly market c. buy when most others are selling, or vice versa. d. selling off inventory and maintaining strictly neutral positions 5. If an investor is attempting to buy a stock that is very volatile, it would be best to use a: a. market order b. limit order c. stop-loss order d. cotingency order