Agent is synonymous with the term ___ and means purchasing or selling for ___.

Agent is synonymous with the term ___ and means purchasing or selling for ___.

• A. Dealer/its own account
• B. Broker/a customer
• C. Both a and b
• D. Neither a or b

Answer: (B)

The term that closely aligns with "Agent" is "Broker." An agent acts on behalf of another party, typically facilitating transactions such as buying or selling financial products. When an agent engages in these transactions, they do so primarily for the benefit of their client, referred to as a customer. This distinguishes the role of a broker from that of a dealer, who typically transacts on their own behalf, buying or selling for their own account rather than facilitating for a customer. The essence of an agent's role is to represent the interests of others, which is foundational in brokerage transactions where the broker's primary responsibility is to their client. The other options draw a contrast with the roles and intentions of brokers and dealers, emphasizing the synergy of service regarding customer interests in a brokerage context, which reinforces why "Broker/a customer" is the accurate choice.

The term that closely aligns with "Agent" is "Broker." An agent acts on behalf of another party, typically facilitating transactions such as buying or selling financial products. When an agent engages in these transactions, they do so primarily for the benefit of their client, referred to as a customer.

This distinguishes the role of a broker from that of a dealer, who typically transacts on their own behalf, buying or selling for their own account rather than facilitating for a customer. The essence of an agent's role is to represent the interests of others, which is foundational in brokerage transactions where the broker's primary responsibility is to their client.

The other options draw a contrast with the roles and intentions of brokers and dealers, emphasizing the synergy of service regarding customer interests in a brokerage context, which reinforces why "Broker/a customer" is the accurate choice.