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WAEC Commerce 2014 Theory — Question 20

Question 20 of 50 from the West African Examinations Council (WAEC) Commerce 2014 Theory paper, with the correct answer and a full explanation.

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

  • A. jobberCorrect
  • B. promoter
  • C. broker
  • D. speculator

Explanation

A jobber is a market maker who deals only on the stock exchange with traders, and does not trade directly with the public.

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