Which of the following statements is FALSE?
A) It is important to realize that the brokerage activity requires the broker to buy and sell or hold in inventory the financial asset that is the subject of the trade.
B) A broker is an entity that acts on behalf of an investor who wishes to execute orders. In economic and legal terms, a broker is said to be an agent of the investor.
C) The broker receives, transmits, and executes investors' orders with other investors.
D) Services provided by brokers include research, recordkeeping, and advising.
Correct Answer:
Verified
Q1: A perfect market results when all buyers
Q2: _ are necessary to the smooth functioning
Q4: In the United States, secondary trading of
Q5: A market is not perfect only because
Q6: Investors need brokers to help _.
A) execute
Q7: Investors in financial assets receive _.
A) illiquidity
Q8: _, orders are grouped together for simultaneous
Q9: In the absence of an effective short-selling
Q10: Without a secondary market, issuers would be
Q11: Which of the below statements is FALSE?
A)
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