10
QuizMultiple Choice

Buying and Selling Stock

Question 10 • 26-27 Ignite Financial Literacy Personal Finance - EL3403

Jean told her stockbroker to purchase 300 shares of stock of Company ABC at $20 per share. The fee that the stockbroker charges for this service is called ____.

Answer
A
Dividend
B
Yield
C
Net Proceeds
D
Commission

Explanation

A stockbroker’s fee for buying or selling shares is called a commission. A dividend is a payment to shareholders, yield is the return on an investment, and net proceeds are the amount received after costs. Therefore, the correct choice is Commission.

AI-written and checked against the verified answer.

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