Finance · Financial Markets
How is a traditional broker primarily compensated for executing trades on behalf of clients?
- 1Through interest earned on the customer's savings accounts
- 2Through a percentage of the annual net profit earned by the stock exchange
- 3Through a commission or brokerage fee charged on the transactions✓
- 4Through a fixed monthly salary paid directly by the stock exchange
Correct answer
Through a commission or brokerage fee charged on the transactions
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