It is often said that the backbone of the over-the-counter market is the market-maker. A good description of a market maker would be:
A) a subscriber to the Nasdaq system.
B) a broker/dealer who stands ready to buy or sell at least the standard unit of a specific stock traded in the over-the-counter market.
C) a broker/dealer who stands ready to buy or sell at least the standard unit of a specific stock traded on a listed exchange.
D) an investment banker who participates in a firm underwriting.
Answer: B) a broker/dealer who stands ready to buy or sell at least the standard unit of a specific stock traded in the over-the-counter market.