If you just purchased a share of IBM through a New York Stock Exchange-based transaction, you participated in:
A) a primary market transaction.
B) a secondary market transaction.
C) a futures market transaction.
D) none of the above.

Question

Quizplus · Accepted Answer

A New York Stock Exchange-based transaction is a secondary market transaction, which means the share was already issued by IBM and is being bought or sold between investors, rather than being sold for the first time (a primary market transaction). A futures market transaction involves buying or selling futures contracts, which are agreements to buy or sell an asset at a future date at a predetermined price, and not the purchase of an actual share. Therefore, option C is not applicable. Option D can also be eliminated as you have purchased a share of IBM, and it is certainly a part of it.

If You Just Purchased a Share of IBM Through a New