A Trading Floor Broker

question 38

Multiple Choice

A trading floor broker:

• A)is an NYSE member who trades on the floor for his or her personal account.
• B)executes orders on behalf of commission brokers in exchange for a fee.
• C)executes customers' orders in exchange for a commission.
• D)trades a limited number of securities and is obligated to maintain an orderly market for those securities.
• E)is any party who owns an NYSE trading license.

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Definitions:

Interest

The cost of borrowing money or the return on invested funds, usually expressed as an annual percentage rate.

Cash Flow

The comprehensive measure of funds circulating in and out of a business entity, chiefly in relation to its cash solvency.

Operating Cash Flows

Cash generated from the primary activities of a business, such as revenue from sales, minus operating expenses.

Total Assets

The sum of all assets owned by a company, including current and non-current assets, as recorded in the balance sheet.