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...
The statutory incidence of a tax is the same as the economic incidence of a tax whenever a tax is levied on a side of a market that is perfectly price-inelastic.
Answer the following statement true (T) or false (F)
An increase in the discount rate will lead to a decrease in the money supply
a. True b. False
Define the following terms and explain their importance to the study of macroeconomics
a. central bank b. Federal Open Market Committee c. supply of money d. monetary policy
A temporary decrease in the price of oil would be considered a:
A. long-run supply shock. B. demand shock. C. short-run supply shock. D. The changing price of oil would not affect any of these.