Concept:This is the profit a jobber on the stock exchange earns from the gap between the buying and selling prices of shares.
Explanation:A jobber quotes two prices for a share or stock on the exchange.
The lower price is the bid price, which a buyer will receive when selling to the jobber.
The higher price is the offer price, which a buyer will pay when purchasing from the jobber.
The difference between these two quoted prices is the jobber's spread or margin.
This spread is the jobber's reward for bearing the risk of holding shares and for facilitating trades.
It is not a commission charged to clients, brokerage fee, or interest on capital.
In stock exchange terminology, this buying-and-selling margin is called the jobber's turn.
Answer:D. jobbers turn