Though Miguel relies on his stockbroker to execute his buy and sell orders for shares of stock, he has found that the process of buying or selling a share of stock on a major stock exchange normally takes ___.

The correct answer is Seconds.

Explanation:

Transactions on the stock exchange have a very volatile dynamic, and the times in which the transactions are generated are usually very short due to the volume of trading that is handled. In the case of stocks taking into account the level of reputation of a stock exchange, it is very common that striking prices are managed that end up producing the movements in a minimum short time.

Answer

Whats is stock exhange?

stock exchange also known as stock market can be used interchangeably, the first term is generally a subset of the former. When someone says that he/she trades in the stock market, that means he/she buys and sells shares/equities on one or more of the stock market that are part of the overall stock market.

What is the Stock Market?

The stock market refers to the groups of markets and exchanges where normal activities of buying, selling, and issuing of shares of publicly-held companies take place. Such financial activities are usually conducted by institutionalized formal exchanges or over-the-counter (OTC) marketplaces which usually operate under a defined set of regulations. There can be multiple stock trading venues in a country or a region which allow transactions in stocks and other forms of securities transactions.

While stockbroker is needed by Miguel to be able to choose wisely because he's a professional in the field of overall stock market which will aid in choosing what stock to invest on.