Question
In: Finance
Which one of the following best describes a broker?
Which one of the following best describes a broker?
A.
intermediary who arranges trades between a buyer and a seller
B.
trader who buys and sells from his or her inventory
C.
firm which charges a commission for arranging a transaction
D.
person who buys securities for his or her own account on an exchange floor
E.
trader who transacts business on behalf of a securities issuer
Solutions
Expert Solution
A. Intermediary who arranges trades between a buyer and a seller
A licensed broker is someone who helps in arranging trades between buyer and sellers. They handle trades for both retail and institutional clients.
jeff jeffy answered 1 year agoRelated Solutions
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