The secondary market is best defined as the market:
A) in which subordinated shares are issued and resold.
B) conducted solely by brokers.
C) dominated by dealers.
D) where outstanding shares of stock are resold.
E) where warrants are offered and sold.

Question

Quizplus · Accepted Answer

The secondary market refers to the market where already issued securities, such as stocks, bonds, and other financial instruments, are bought and sold by investors. Therefore, the best choice is D, where outstanding shares of stock are resold.

The Secondary Market Is Best Defined as the Market