Which of the following statements about stock market brokers and dealers is TRUE?
A) Brokers earn commissions from trading stocks but dealers try to profit from trading stocks.
B) Brokers try to profit from trading stocks but dealers earn commissions from trading stocks.
C) Both brokers and dealers earn commissions from trading stocks.
D) Both brokers and dealers try to profit from trading stocks.
A
You might also like to view...
According to the equation of exchange, if nominal GDP equals $6 trillion and the money supply equals $1 trillion, the velocity of money: a. must be 6
b. must be 1/6. c. must be 6 trillion. d. must be 1/6 trillion. e. cannot be determined unless we know the price level.
Which of the following is not included in GDP calculations?
a. the value of an accountant's services b. the value of 500 shares of Microsoft stock sold to an investor c. the value of high-definition television sets produced, but not sold, during the year d. the value of a haircut