ECONOMICS
SAVING AND INVESTING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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brokerage firm
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discount brokerage firm
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bond
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index
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Detailed explanation-1: -Brokers-also known as trading members-perform a vital function in the stock market. They execute transactions such as the buying and selling of stocks on behalf of their clients. In return for this, they charge a brokerage commission.
Detailed explanation-2: -Secondary market – The secondary market is also known as the stock market; it acts as a trading platform for investors.
Detailed explanation-3: -To purchase or sell a share simply look up the required stock on the trading platform provided by your broker and place a buy or sell order from the platform. Purchasing and selling shares in the stock market requires opening a share market Demat account.
Detailed explanation-4: -Financial markets, from the name itself, are a type of marketplace that provides an avenue for the sale and purchase of assets such as bonds, stocks, foreign exchange, and derivatives.
Detailed explanation-5: -Brokers and market makers are two very important players in the market. Brokers are typically firms that facilitate the sale of an asset to a buyer or seller.