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QuizMultiple Choice

Investing in Stocks

Question 1 • 26-27 Ignite Financial Literacy Personal Finance - EL3403

Rod is looking for professional financial assistance. Rod has a solid grasp of how investing works, but needs a way to handle the actual buying and selling of stocks. Rod knows where he wants his portfolio to be over the long term, and he believes that he knows in which companies he wishes to invest. Recommend an appropriate financial professional for Rod.

Answer
A
Discount broker
B
Full-service broker
C
Financial planner
D
Investment Advisor

Explanation

Rod already understands investing and has chosen his long-term goals and the companies he wants to invest in. He mainly needs help executing stock trades, which is the role of a discount broker. A full-service broker or financial planner would offer broader advice that Rod does not need.

AI-written and checked against the verified answer.

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