Ethan Wants to Purchase Some Stock for the First Time

question 63

Multiple Choice

Ethan wants to purchase some stock for the first time.Which of the following is correct?

• A) His account executive should be encouraged to churn Ethan's account to maximize his return.
• B) He should use an online broker to get specific advice about purchasing stock.
• C) His purchase price will exactly equal the number of shares he purchases times the price per share and is known in advance.
• D) If he uses a market order, he can lock in the price at which he wants to buy the stock.
• E) His commission should be lower at an online broker than at a full-service broker.

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Definitions:

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The belief that one’s own cultural approach is superior, applied in a context involving multiple cultures.

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The existence of a variety of cultural or ethnic groups within a society, advocating for respect and understanding.

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A feeling or attitude of profound respect and admiration, typically mixed with awe or fear, often directed towards someone or something considered superior.

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The assortment of technologies and protocols that enable the functioning of the internet, including communication infrastructures, software, and hardware.