You recently inherited $284,000 that you wish to invest in the stock and bond markets. However, you have no investment experience and want a knowledgeable professional to make all of your investment decisions for you. You most likely need the services offered by
A) A deep-discount broker
B) A discount broker
C) A full-service broker
D) An on-line broker
E) A cyber-broker

Question

Quizplus · Accepted Answer

A full-service broker typically offers personalized investment advice and makes investment decisions on behalf of their clients. As someone with no investment experience, it would be beneficial to have a professional guiding your investment decisions. While deep-discount brokers and online brokers offer lower fees, they do not typically offer personalized investment advice. Discount brokers may offer some guidance but may not have the same level of expertise as a full-service broker. Cyber-broker is not a recognized term in the financial industry.

You Recently Inherited $284,000 That You Wish to Invest in the Stock