Question on: JAMB Commerce - 2024
The difference between the higher prices and the lower prices quoted for shares and stocks at the stock exchange is known as
A
commission
B
brokerage
C
interest
D
jobbers turn
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Correct Option: D
The difference between the highest and lowest prices quoted for shares and stocks is called the jobber's turn. Jobbers are market makers in the stock exchange who profit from the spread between the buying (bid) and selling (offer) prices.
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