A transaction cost associated with spot trading is:
a. travel to and from the market.
b. shipping costs.
c. brokerage commissions.
d. the spread, which is earned mostly by large banks.
Answer: d. the spread, which is earned mostly by large banks.
Economics
You might also like to view...
Explain how a market demand curve is constructed
What will be an ideal response?
Economics
Which of the following would prevent a pharmaceutical manufacturer from successfully using price discrimination?
a. It's customers all have the same elasticity of demand for its drugs. b. The demand schedule for pharmaceuticals is horizontal. c. Low-price customers could resell the drugs to high-priced customers. d. All of the above.
Economics