Which one of the following statements about stockbrokers is correct?

A) Stockbrokers act as dealers in the securities they trade.
B) Stockbrokers must be licensed by the Securities and Exchange Commission.
C) Stockbrokers are regulated by financial consultants.
D) Stockbrokers execute trades on the floor of the New York Stock Exchange on behalf of account executives.


Answer: B

Business

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Indicate whether the statement is true or false

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