Which one of the following best describes a broker?
A)intermediary who arranges trades between a buyer and a seller
B)trader who buys and sells from his or her inventory
C)firm which charges a commission for arranging a transaction
D)person who buys securities for his or her own account on an exchange floor
E)trader who transacts business on behalf of a securities issuer

Question

Quizplus · Accepted Answer

A broker is an intermediary who arranges trades between a buyer and a seller. They do not buy or sell securities for their own account and may charge a commission for their services.

Which One of the Following Best Describes a Broker