Which of the Following Is a Result of Competition Among

question 46

Multiple Choice

Which of the following is a result of competition among brokerage firms?

• A)Many full-service firms have lowered their commissions, while many discount brokers have begun offering investment advice and other services.
• B)Most full-service firms do not charge fees for the services they provide, while most discount brokerage firms charge commissions based on the dollar value of the orders their clients place.
• C)The commissions and fees charged by discount brokers are usually significantly higher, while full-service brokers charge flat fees of a few dollars per trade for simple transactions.
• D)Discount brokers provide a wide range of services-such as research to identify good investment opportunities, financial planning, and tax advice, while full-service brokers buy and sell securities for their clients but offer few additional services.

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Definitions:

Conduction Deafness

A form of hearing loss that occurs due to problems in transferring sound waves from the outer ear to the inner ear.

Auditory Nervous System

The part of the nervous system responsible for hearing; it includes both the peripheral components, like the ear, and the central components, like the brain's auditory pathways.

Stimuli

External factors or changes in the environment that elicit physical or behavioral responses from organisms.

Parent

describes a caregiver of a child, who may be a biological, adoptive, step, or foster figure responsible for the child's upbringing.