The difference between the higher prices and the lower prices quoted for shares and stocks at the stock exchange is known as

Source: JAMB · 2024

The difference between the higher prices and the lower prices quoted for shares and stocks at the stock exchange is known as

  1. brokerage
  2. commission
  3. interest
  4. jobbers turn ✓
Explanation

A jobber buys shares at a low price and sells at a higher price. The difference is the jobber’s turn.

This spread is the jobber’s profit for providing liquidity in the market.

Brokerage and commission are fees paid to agents. Interest is earned on loans.

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