In recent years the distinction between full-service brokers and discount brokers has become less pronounced as full-service brokers have lowered commissions while discount brokers have begun offering more services.

Question

Quizplus · Accepted Answer

The statement accurately reflects the trend in the brokerage industry in recent years. Full-service brokers have responded to competition from discount brokers by lowering their fees, while discount brokers have expanded their offerings to include more services, blurring the traditional distinction between the two types of brokerage firms.

In Recent Years the Distinction Between Full-Service Brokers and Discount