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A dealer who buys securities at low prices in anticipation of reselling them at higher...

Commerce
JAMB 2024

A dealer who buys securities at low prices in anticipation of reselling them at higher prices is called a

  • A. jobber
  • B. bull
  • C. broker
  • D. bear
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Correct Answer: Option B
Explanation

A speculator who buys securities with the intention of reselling them at a high price. If the price falls, he loses and has the option to carry forward the transaction to the next settlement by paying a charge termed "Contango".


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JAMB CBT 2025 - Candidates, Schools, Centres, Resellers - Get Ready!
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WAEC Past Questions, Objective & Theory, Study 100% offline, Download app now - 127076
JAMB CBT 2025 - Candidates, Schools, Centres, Resellers - Get Ready!
WAEC Past Questions, Objective & Theory, Study 100% offline, Download app now - 127076
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