Which of the following statements is false?
A) Generally, online transactions are less expensive when compared with the costs of trading securities through a full-service brokerage firm.
B) Full-service brokerage firms charge 3 to 5 percent of the transaction amount.
C) Commissions for trading bonds are usually lower than those for trading stocks.
D) With the exception of most mutual funds, the investor generally pays a commission when buying and selling securities.
E) Most brokerage firms have a minimum commission for trading securities.

Question

Quizplus · Accepted Answer

Full-service brokerage firms typically charge a commission of 1 to 3 percent of the transaction amount, not 3 to 5 percent.

Which of the Following Statements Is False