Which of the following statements about financial intermediaries is most accurate
A) Arbitrageurs buy securities with the anticipation that they will be able to sell the securities in the future at higher prices.
B) Dealers buy a security in one market and simultaneously sell the same security in a different market.
C) Brokers seek out traders that are willing to take the opposite sides of their clients’ orders.
solution:C
Brokers seek out traders that are willing to take the opposite side of their clients’ orders. Arbitrageurs buy an instrument in one market and simultaneously sell the same instrument in a different market at a higher price. Dealers buy securities from clients, with the expectation that they will be able to sell the securities to other clients in the future at higher prices.