SIE Exam Question 247: Answer and Explanation

Question: 247

A market maker is obligated

  • A. to maintain and honor firm quotes during trading hours
  • B. to maintain subject quotes during trading hours
  • C. to sell no less than one round lot to a customer inside the spread
  • D. to buy no less than one round lot from a customer at its ask price

Correct Answer: A

Explanation:

A: Market making firms post firm quotes during the trading day at which they are obligating themselves to do business with other firms as well as retail customers.

All content of site and practice tests © 2022 Jack.
Quick View

FINRA Practice Tests