Hello,
What are remisiers? Are they sub-brokers and members of stock-exchange. Please help me out with the following CMA question :
Remisers are
a) Members of stock exchange
b) Speculators
c) Sub-brokrers
d) NOTA
There is confusion between a) and c). In scanner correct answer given is a) but text book defination given is "The sub-brokers employed by a member (sharebroker) to secure business are called remisers.
So, which one is correct??