The difference between the higher prices and the lower prices quoted for shares and stocks at the stock exchange is known as
- commission
- brokerage
- interest
-
jobbers turn
The correct answer is: D
Explanation
This represented the profit a jobber earned by buying from a seller at a lower price (bid) and then selling to a buyer at a higher price (ask). This spread compensated the jobber for taking on the risk of holding inventory (shares) and facilitating trades.