Which One of the Following Statements About Stockbrokers Is Correct

question 9

Multiple Choice

Which one of the following statements about stockbrokers is correct?

• A) Stockbrokers act as dealers in the securities they trade.
• B) Stockbrokers must be licensed by the Securities and Exchange Commission.
• C) Stockbrokers are regulated by financial consultants.
• D) Stockbrokers execute trades on the floor of the New York Stock Exchange on behalf of account executives.

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Definitions:

Punch

An impact tool used to drive out pins, rivets, or shafts, or to scribe/mark components for identification.

Return Stroke

The motion of a piston or lever returning to its original position after completing a pressing or striking action.

TPI

Threads Per Inch; a measure of the fineness of threads in screws, bolts, and other threaded fasteners, indicating how many threads exist in a one-inch length.

Light Angle Iron

A piece of iron or steel formed into a 90-degree angle that is lightweight and used in construction or manufacturing for bracing or framing.