Kenneth calls his broker and asks him to sell 1,000 shares of IBM stock. The broker executes his client's order without making any suggestions or recommendations. This broker is most likely a

Question

Quizplus · Accepted Answer

A discount broker is one that carries out transactions on behalf of their clients without providing any advice or suggestions. They charge lower fees than full-service brokers, who typically provide investment advice and recommendations. A market broker is one who specializes in executing trades on a particular market, such as the stock market, while a limited broker is one who is authorized to carry out specific types of transactions. A day trader is an individual who buys and sells securities within the same trading day. Therefore, the best option in this scenario is a discount broker.

Kenneth Calls His Broker and Asks Him to Sell 1,000