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WAEC Commerce 2014 Question 20

Question 20

Stock Exchange

A principal member of the stock exchange who buys and sells securities on his own is a

  1. A.jobber.
  2. B.promoter.
  3. C.broker.
  4. D.speculator.
Show the answer and explanation

Answer: A (jobber.)

Explanation

A jobber deals in securities on his own account; a broker acts as agent for clients.