ECONOMICS (CBSE/UGC NET)

Detailed explanation-1: -Q. Conner wants to purchase stocks with the money he received from his tax return. Who would he contact to make the transaction? Conner should complete this transaction on his own.

Detailed explanation-2: -A stock broker, through which you execute your trades through, is usually looked upon as a middleman of sorts between the trader and the exchange.

Detailed explanation-3: -When you own stock, you own a part of the company. There are no guarantees of profits, or even that you will get your original investment back, but you might make money in two ways. First, the price of the stock can rise if the company does well and other investors want to buy the stock.

Detailed explanation-4: -A full-service broker provides its clients with a wide range of financial services, research, and advice. Additional services can include portfolio analysis and construction, estate planning, tax advice, access to IPO shares, access to foreign markets, and so on.

Detailed explanation-5: -Brokerage firms act as a liaison between their clients and the stock exchange. Their primary function is to buy and sell financial products, including stocks, on behalf of their clients. Brokers pool resources to help their clients negotiate how things work in the stock market.