The ASX is an example of which type of market?

Question

Quizplus · Accepted Answer

The ASX (Australian Securities Exchange) is a secondary equity market where shares of publicly listed companies are traded. This means that shares are bought and sold between investors, but the companies themselves do not receive any additional funding from these transactions. The primary equity market, on the other hand, is where new shares are issued and sold to the public for the first time. The money market refers to the market for short-term debt securities, and the derivatives market involves trading financial instruments such as futures contracts or options.

The ASX Is an Example of Which Type of Market