| A | B |
|---|
| Step 6 | The traders agree on a price |
| Step 7 | The order is executed |
| Step 8 | The floor trader reports the trade to the clerk and the order dept. |
| Step9 | The order department confirms the order with the broker. |
| Step 10 | The broker confirms the trade with YOU |
| Step 1 | You place your order with your stock broker to buy the number of desired stocks. |
| Step 2 | The broker sends the order to the firm's order department. |
| Step 3 | The order department sends the order to the firm's clerk who works on the floor of the exchange where shares of the stok you desire tp purchase are traded. |
| Step 4 | The clerk give the order to the firm's floor trader, who also works on the exchange floor. |
| Step 5 | The floor trader goes to the specialist's post for finding the floor trader handling the stock you are interested in buying. |
| savings accounts | lower risks |
| collectables | higher risks |
| stocks | higher risk than money market certificates |
| government bonds | safer than stocks |
| cash | safer than government bonds |
| mutual funds | safer than collectibles |
| bank savings accounts | safer than stocks |
| bottom rung | investments with lower risks |
| top rung | greatest risks |
| lower risks | lower returns |
