Which of the following apply to a specialist who trades on the floor of the NYSE?

Which of the following apply to a specialist who trades on the floor of the NYSE? I. provides liquidity for an individual security II. partially being replaced by SuperDOT III. pays an annual fee for a trading license IV. acts as a dealer    A.  I and III only B.  II and IV only C.  I, III, and IV only D.  II, III, and IV only E.  I, II, III, and IV Refer to section 8.3

48.

Which one of the following statements related to the NYSE is correct?    A.  Commission brokers work on behalf of brokerage firm clients. B.  Shareholders of NYSE Group, Inc. own "seats" on the exchange. C.  Specialists buy at the asked price. D.  The NYSE is primarily a dealer's market. E.  Floor brokers earn income in the form of a bid-ask spread. Refer to section 8.3

49.

Which one of the following transactions occurs in the primary market?    A.  purchase of 500 shares of GE stock from a current shareholder B.  gift of 100 shares of stock to a charitable organization C.  gift of 200 shares of stock by a mother to her daughter D.  a purchase of newly issued stock from AT&T E.  IBM's purchase of GE stock Refer to section 8.3

50.	Which one of the following statements currently applies to a NYSE broker?    A.  owns a "seat" on the exchange B.  buys at the bid price C.  remains at his or her specified post D.  matches customer buy and sell orders E.  trades for his or her personal account Refer to section 8.3