Which of the Following Statements Is False

question 172

Multiple Choice

Which of the following statements is false?

• A) Generally, online transactions are less expensive when compared with the costs of trading securities through a full-service brokerage firm.
• B) Full-service brokerage firms charge 3 to 5 percent of the transaction amount.
• C) Commissions for trading bonds are usually lower than those for trading stocks.
• D) With the exception of most mutual funds, the investor generally pays a commission when buying and selling securities.
• E) Most brokerage firms have a minimum commission for trading securities.

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Definitions:

$1

Symbolizes a unit of currency, typically referring to one dollar in jurisdictions using dollar-denominated currencies.

Future Value

The estimated future worth of a current asset on a given date, projected by assuming a specific growth rate over a period.

Interest Rate

A fee that's calculated as a proportion of the principal sum and is required by the lender from the borrower for lending money or assets.

$M

A shorthand notation for million dollars, used mainly in financial contexts to denote monetary values.