JAMB - Commerce (2024 - No. 40)
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
Maelezo
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.