Brokerage firms make their profits primarily in which of the following ways? A) Consumer deposits. B) Government deposits. C) Dividends. D) Fees or commissions on sales or transfers
Brokerage firms make their profits primarily in : D. Fees commissions on sales or transfers
to put it simply, A brokerage firm is a financial institution that facilitates the selling processĀ of stock/securities between the buyer and the seller. From each transaction that happen, a brokerage firm will receive a commission from its client.
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