Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

A broker is an agent who: trades on the floor of an exchange for himself or herself. buys and sells from inventory. offers new securities

A broker is an agent who:

trades on the floor of an exchange for himself or herself.

buys and sells from inventory.

offers new securities for sale to dealers only.

who is ready to buy or sell at any time.

brings buyers and sellers together

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

The Economics Of Money Banking And Finance

Authors: Keith Bain, Peter Howells

1st Edition

0582278007, 9780582278004

More Books

Students also viewed these Finance questions

Question

10. What is meant by a feed rate?

Answered: 1 week ago