Answered

You recently sold 200 shares of Apple stock to your brother. The transfer was made through a broker, and the trade occurred on the NYSE. This is an example of: a. A primary market transaction. b. A futures market transaction. c. An over-the-counter market transaction. d. A money market transaction. e. A secondary market transaction.

Answer :

Answer:

The correct answer is letter "E": A secondary market transaction.

Explanation:

The secondary market refers to all transactions of securities that happen after the stock's initial offering. It can also refer to the exchanges themselves where these transactions take place. The New York Stock Exchange (NYSE) and the National Association of Securities Dealers Automated Quotation (NASDAQ) are examples of secondary market exchanges.

Other Questions