Get premium membership and access questions with answers, video lessons as well as revision papers.

Describe a broker.

      

Describe a broker.

  

Answers


Kavungya
• A dealer at the market who buys and sells securities on behalf of the public investors.
• He is an agent of investors
• He is the only authorized person to deal with the quoted securities. He is authorized by CMA and NSE
• He obtains the suitable deal for his clients/investors, gives financial advice and charges commission for his services.
• He doesn’t buy or sell shares in his own right hence he cannot be a market marker.
• He must maintain standards set by the stock exchange.
Kavungya answered the question on March 12, 2019 at 05:26


Next: Give the advantages of Investing In Shares.
Previous: Describe a speculator.

View More Business Finance Questions and Answers | Return to Questions Index


Learn High School English on YouTube

Related Questions