Money broker. A dealer in coin and paper money and in foreign money; also one who borrows
and lends money for others. The regular commission of a money broker for negotiating a time
loan (a loan for a specified time) is 1-32 of I per cent of the amount borrowed or $31.25 on
$100,000. The commission is paid by the borrower. A money broker receives nothing from the
borrower or the lender for effecting a call loan., The reason is that a call loan may continue for a
day only. The broker expects the free negotiation of call loans to bring business to him when the
borrower on call becomes a borrower on time.