NVAEducation

NVAEducation

Question No.607

Define the following terms i Dealer ii Broker-00607

Online Quiz This subjective question is related to the book/course vu cs403 Database Management Systems. It can also be found in vu cs403 Mid Term Solved Past Paper No. 1.

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

(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

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Virtual University

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