Which is the correct order of events when an individual buys a stock through a brokerage firm?
I. The order is transmitted to the main office of the brokerage firm.
II. The customer places the order with their local stockbroker.
III. The confirmation of the order is sent to the broker placing the order.
IV. The order is sent to the floor of the exchange.
A) I, II, III, IV
B) II, I, III, IV
C) II, IV, I, III
D) II, I, IV, III
Answer: D
You might also like to view...
Countries with free market economies in which property rights are protected tend to have _____ than command economies or economies where property rights are poorly protected
a) slower economic growth b) lower gross national incomes c) greater economic growth rates d) higher gross national incomes
Rounding large values of decision variables to the nearest integer value causes ________ problems than rounding small values
A) more B) fewer C) none of the above