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JAMB Commerce 2014 Question 32

Question 32

Stock Exchange

An agent who transacts business with the broker in the stock exchange is a

  1. A.stag.
  2. B.bull.
  3. C.del credere.
  4. D.jobber.
Show the answer and explanation

Answer: D (jobber.)

Explanation

Jobbers deal in shares on their own account and trade with brokers, who act for the public.