You have agreed to pay a five percent commission to your best friend if he can locate a buyer for your car. This arrangement is most similar to the compensation arrangement for which one of these individuals who is involved with the stock market?

Question

Quizplus · Accepted Answer

The best friend in this scenario can be considered a commission broker as they are being compensated with a percentage of the sale price for finding a buyer for the car. Commission brokers in the stock market also earn a commission for executing buy or sell orders on behalf of their clients.

You Have Agreed to Pay a Five Percent Commission to Your