If You Are a Day Trader You Would Probably Utilize

question 76

Multiple Choice

If you are a day trader you would probably utilize a(n)

• A) discount brokerage firm.
• B) full-service brokerage firm.
• C) online brokerage service.
• D) commercial bank trust department.

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Definitions:

Operating Income

Earnings from a company's core business operations, excluding deductions of interest and taxes.

Initial Value Method

An accounting method that records an investment at its original cost without adjusting for changes in market value or the investee's earnings, except to recognize impairments.

Intra-entity Transfers

Transactions occurring between divisions or units within the same company.

Income Taxes

Taxes levied by governments on the income generated by individuals and businesses within their jurisdiction.