Determine the role of broker in the financial market
Question 1: What are the economic functions financial intermediaries perform?
Question 2: What is the role of broker in the financial market?
Question 3: How has that role changed since the inception of on-line investing?
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Richard exchanges a building with a FMV of $75,000, a basis of $35,000, and subject to a liability of $25,000 for land with a FMV of $50,000 owned by Bill.
Assume you are a U.S. citizen and currently you can exchange $180 (USD) for 125 GBP (British Pounds). What is the indirect quote relating the USD to the GBP?
What are the economic functions financial intermediaries perform? What is the role of broker in the financial market?
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