Stock transactions and transaction fees

What is a PORTOFOLIO?

• is a grouping of all stocks a person currently owns.

• is a grouping of 100 stocks a person currently owns

• Is a catalog collection

• is a grouping of all stocks a person has sold.

What is TRADE?

• All the stock bought and sold with a Company.

• All the stocks bought and sold, with another stock-holder.

• An exchange

• All the stocks bought with another stock-holder

Taylor bought 200 shares of stock for $18.12 per share last year. He paid his broker a flat fee of $30. He sold the stock this morning for $21 per share, and paid his broker 0.5% commission. What were Taylor's net proceeds?

• $525

• $423

• $346

• $289

Tags

CCSS.HSA.CED.A.1

CCSS.HSA.CED.A.2

CCSS.HSA.CED.A.4

CCSS.HSA.REI.B.3

CCSS.HSA.SSE.A.1

A ROUND LOT is

• stocks bought and sold in multiples of 100 shares

• a geometric shape

• stocks bought and sold at any given time

• the opposite of odd lot

Where do you have to report your capital gain or loss?

• I.R.S.

• F.B.I

• S.R.I

• Government

Can your broker make a purchase over your limit order?

• Yes, if they call me

• No, a broker can not make a purchase over the limit order

• Depends

• Yes, if they find a good deal for me

Gross Capital Loss means

• If you buy a stock

• If you loose your money

• If you sell a stock for less money than you paid for it

• Profit

What a licensed stockbroker does?

• Takes your hard earned money

• Sells, buys stocks

• Nothing

• Sells, buys, gives advice to investors

Can a discount broker give investment advice?

• Yes, he/she is not different than a stockbroker

• No, a discount broker can not give investment advice

• Yes, at any time

• Yes, a discount broket can give investment advice 24/7

Net proceeds represent

• Your net proceeds represent the amount of money you make at any time

• Your net proceeds represent the amount of money you make after you sell your stock

• Your net proceeds represent the amount of money you make after broker fees are subtracted

• Your net proceeds represents the amount of money you make at the end of the year