Alejandro Relies on His Stockbroker to Execute His Buy and Sell

question 51

Multiple Choice

Alejandro relies on his stockbroker to execute his buy and sell orders for shares of stock in different companies. He has found that the process of buying or selling a share of stock on a major stock exchange normally takes:

• A) weeks.
• B) seconds.
• C) days.
• D) months.

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Definitions:

Cash Receipts

The collection of money, including coins, currency, checks, and electronic transfers, received by a business.

Fruit Vendor

A person or entity that sells fruits, often at outdoor markets or roadside stands.

Monetary Amount

The numerical value or sum of money expressed in a currency.

Nearest Cent

Rounding an amount to the closest cent, where amounts under half a cent are rounded down and half a cent or over are rounded up.