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What role does investment capital play in facilitating the transfer of capital? How do auction and dealer markets differ? What is the bid, ask and

  1. What role does investment capital play in facilitating the transfer of capital?
  2. How do auction and dealer markets differ?
  3. What is the bid, ask and spread?
  4. What roles do IIROC, the CDICOSFI, and the SROs play in the industry?
  5. Which phase of business cycle is characterized by an increase in business failures and falling employment?

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