The Floor Trader Is Best Described as

question 31

Multiple Choice

The floor trader is best described as

• A) an independent member of the exchange who owns a seat and handles overload work for commission brokers.
• B) someone who makes a market in one or more securities.
• C) a representative of a brokerage firm who is on the floor of the exchange.
• D) a frequent trader who performs no public function but executes trades for small investors.
• E) any counter party to a trade executed on the floor of the exchange.

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Definitions:

Economic Development

The process of improving economic well-being and quality of life through growth and development, often through government policies and programs.

North America

A continent in the Northern Hemisphere and almost entirely within the Western Hemisphere; it includes countries such as Canada, the United States, and Mexico.

King George's War

The North American theater of the War of the Austrian Succession (1740-1748) involving French and British colonies.

New England

A region in the northeastern United States known for its colonial history, comprising states such as Massachusetts, Connecticut, Rhode Island, New Hampshire, Vermont, and Maine.