3. Discuss the various structures and their functions in the London Stock Exchange as mentioned
by the poet in the poem ‘The Stock Exchange Welcomes You as a Visitor’.
Answers
Answer:
There the stock market ranges its GST a lot.on prices of goods.
Explanation:
Answer:
BROKERS AND JOBBERS are the various structures in the London Stock Exchange as mentioned in the poem ‘The Stock Exchange Welcomes You as a Visitor'
Explanation:
L.Engles and his co-authors of “The Stock Exchange Greets You as a Visitor” give us a good idea of the world's oldest Stock Exchange, which was launched nearly 250 years ago.
The Stock Exchange, a Financial Market, started in the 17th Century when the Government and a number of commercial enterprises started raising money with the public subscriptions.
The great financial market as we know it today grew step by step with the expansion of British Industry and Commerce. There are two types of members in this market, BROKERS, AND JOBBERS.
- Brokers/Agents act as intermediaries. It's their job to follow your instructions to buy or sell shares to the best advantage and they charge a flat commission rate for this. The most important of them --- they give you advice for free. These services are based on the continuous review of industrial and economic reports from all over the world.
- Jobbers trade in stocks and shares as principal or wholesalers. They only deal with brokers and do not contact the public. Jobbers must be prepared to buy or sell what they want to sell or buy through brokers. This can include them in a loss or profit based on their next trade. An employer may post a list of stocks and shares prices on a column or wall near the 'field' in which they specialize. In this list, some prices are marked in blue, indicating an uptrend, while others are marked in red, indicating a downtrend. All agreements are recorded in notebooks. No formal bargaining takes place, even for thousands of pounds of transactions.