An account executive who provides research reports and generally charges higher commissions is employed by a(n) ____ brokerage firm.
A) full-service
B) discount
C) SEC
D) Nasdaq
E) NYSE

Question

Quizplus · Accepted Answer

Full-service brokerage firms typically provide a higher level of service, including access to research reports and personalized investment advice, which leads to higher commissions for their account executives. Discount brokerage firms, on the other hand, generally charge lower commissions and do not provide as many services or research reports. The SEC, Nasdaq, and NYSE are regulatory organizations and exchanges, respectively, and do not employ account executives who provide research reports or charge commissions.

An Account Executive Who Provides Research Reports and Generally Charges