passwella.
Menu

JAMB Commerce 2007 Question 42

Question 42

Stock Exchange

The difference between the buying and selling price of shares is known as

  1. A.brokerage
  2. B.margin
  3. C.jobber's turn
  4. D.gross profit.
Show the answer and explanation

Answer: C (jobber's turn)

Explanation

The jobber's turn is the jobber's profit: the gap between his buying and selling prices.