QQuestionAccounting
QuestionAccounting
"Working with a broker or brokerage firm is:
A. Only available through an app.
B. Limited and never includes asset allocation guidance.
C. Recommended but optional for making investments.
D. Needed to buy or sell assets in the market."
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Answer
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Step 1: Analyze the options and eliminate incorrect choices.
We can start by eliminating the options that are clearly not in line with the definition of a broker or brokerage firm. A. Only available through an app. This option is not necessarily true, as there are various ways to access broker services, not just through an app. So, we can eliminate this option. B. Limited and never includes asset allocation guidance. This statement is not accurate, as brokers often provide investment advice and asset allocation guidance. Thus, we can eliminate this option as well.
Step 2: Identify the most accurate option.
Now, we are left with two options: C. Recommended but optional for making investments. D. Needed to buy or sell assets in the market. To determine the most accurate option, let's consider the roles and responsibilities of a broker or brokerage firm. They act as intermediaries between buyers and sellers in financial markets, facilitating transactions and providing investment advice.
Final Answer
Working with a broker or brokerage firm is needed to buy or sell assets in the market.
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