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CS403 - Database Management Systems

Question(s) similar to the following:

Define the following terms:
  1. (i) Dealer
  2. (ii) Broker

Question 1: Define the following terms:
  1. (i) Dealer
  2. (ii) Broker

Answer: Suggest Edit

(i) Dealer

An agent who buys and sells securities from a maintained inventory. It stands ready to buy securities from investors wishing to sell them and sells securities to investors wishing to buy them

(ii) Broker

An agent who arranges security transactions among investors, matching investors wishing to buy securities with investors wishing to sell securities. They do not buy or sell securities for their own accounts. Facilitating trades others is their business

Similar Questions:

Question 2: Define the following terms:
  1. (i) Dealer
  2. (ii) Broker

Answer: Suggest Edit

(i) Dealer

An agent who buys and sells securities from a maintained inventory. It stands ready to buy securities from investors wishing to sell them and sells securities to investors wishing to buy them

(ii) Broker

An agent who arranges security transactions among investors, matching investors wishing to buy securities with investors wishing to sell securities. They do not buy or sell securities for their own accounts. Facilitating trades others is their business
Past Papers of CS403 - Database Management Systems
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