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Question
Explain the following term/concept.
Broker
Solution
A broker is a member of a stock exchange who is licensed by the stock exchange to buy or sell shares on his client’s behalf. He is an agent between the investors and the jobber. He earns income ins the form of commission or brokerage.
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Select the correct answer from the options given below and rewrite the statement.
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Study the following case/situation and express your opinion.
|
Ram a stock broker, traded on the stock exchange. He sells stock of Reliant Industries a listed public company on 1st March, 20xx whereas the transaction gets settled on 5th March. (No Holiday being declared to the stock market on the given dates). |
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Explain the following term/concept in detail:
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