Canadian Securities Course (CSC) Level 1 Practice Exam

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What is a Dealer (OTC) market?

Market for gold trading
Market for rare artwork
Online marketplace for books
Market where market makers post bid-ask quotes

The correct answer is: Market where market makers post bid-ask quotes

A Dealer (OTC) market is a market where market makers post bid-ask quotes. In an over-the-counter (OTC) market, securities are traded directly between parties without the supervision of an exchange. Market makers play a crucial role in providing liquidity by quoting bid and ask prices for various securities. This option is correct because it accurately describes the function of a Dealer (OTC) market. Options A, B, and C are incorrect as they do not accurately describe what a Dealer (OTC) market is.