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Stocks Beginner: Buying and Selling Stock

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1.
Which type of broker provides investment research and assistance with making investment decisions?
Choose wisely. There is only one correct answer.
Full-service. In return for higher commissions, the broker offers investment advice and research.
2.
If you want to buy or sell stock shares only with money you deposit into your brokerage account, you will need a _______ account.
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Cash. This type of account is used simply for buying and selling and does not involve borrowing.
3.
A _______ broker helps customers make decisions on investments.
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Full-service. The full-service broker includes investment assistance in his or her range of services.
4.
To buy or sell publicly traded stock, you usually must use a broker.
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True. A broker executes trades for you.
5.
If you place a _______ order, your broker will buy or sell stock at a specific price.
Choose wisely. There is only one correct answer.
Limit. A limit order limits the price at which your broker will buy or sell a stock.