Question

Which of the following most accurately describes the difference between a

discount broker and a full-service broker?
O
A. Discount brokers can only buy and sell common stocks
O
B. Discount brokers don't give investment advice or do stock market
analysis
O
C. Discount brokers pay taxes on a smaller percentage of their
earnings
O
D. Discount brokers get reduced prices on shares for their larger
customers

Answer 1

B. Discount brokers don't give investment advice or do stock market analysis.

Step-by-step explanation:

Because they don't?

Answer 2

B. Discount brokers don't give investment advice or do stock market analysis

Step-by-step explanation:

Discount brokers are stockbrokers who carry out buy ad sell orders at a reduced commission rate; that is to say, they just execute orders for their clients and do not provide investment advice or perform analysis on a client's behalf. However, full-service brokers are licensed financial broker-dealers that provide more services to their clients. Those services include research and advice, retirement planning, tax tips, and more.