Question

which of the following services will be provided by a full-service broker but not by a discount broker?
i. research of potential investment opportunities
ii. purchase and sale of stock at your request
iii. recommendation of investments
a. i and iii
b. ii only
c. iii only
d. i, ii, and iii

Explanation:

To solve this, we analyze the services of full - service and discount brokers:

1. For Service I: Full - service brokers conduct in - depth research on potential investment opportunities. Discount brokers typically do not offer this level of research as they focus more on executing trades at a lower cost.
2. For Service II: Both full - service and discount brokers can execute the purchase and sale of stocks at a client's request. Discount brokers are mainly known for their trade - execution services, and full - service brokers also do this.
3. For Service III: Full - service brokers, with their expertise and research, recommend investments to clients. Discount brokers generally do not provide investment recommendations as they are more about low - cost trade execution.

So, the services provided by a full - service broker but not by a discount broker are I (Research of potential investment opportunities) and III (Recommendation of investments).

Answer:

a. I and III