CMA Securities & Investment Practice Questions - CMA Kenya CISI Introduction To Securities & Investment (Kenya) Exam

Which of the following best describes the role of a stockbroker in the Kenyan capital markets?

A person who decides what investments a mutual fund should make An intermediary licensed by the CMA to buy and sell shares on behalf of investors on the NSE An entity that holds cash deposits and pays interest directly to individual savers An official body responsible for drafting national financial legislation

Correct Answer:

An intermediary licensed by the CMA to buy and sell shares on behalf of investors on the NSE

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