Examlex

Solved

Trading Through an Online Broker Is Generally Cheaper Than Trading

question 51

True/False

Trading through an online broker is generally cheaper than trading through a discount broker.


Definitions:

Compounded

A method of calculating interest where previously earned interest is added to the principal amount, and then future interest is calculated on the new total.

Quarterly

Occurring every three months or four times a year.

Annuity

An investment vehicle that provides a consistent series of disbursements to a person, often employed in retirement planning.

RRSP

A registered retirement savings plan, a tax-advantaged account designed to help Canadians save for retirement.

Related Questions