Wilson just placed an order with his broker to purchase 500 of the outstanding shares of GE. This purchase will occur in which one of the following markets?
A)primary
B)secondary
C)third
D)fourth
E)fifth

Question

Quizplus · Accepted Answer

The purchase of outstanding shares of GE would occur in the secondary market, as they are already issued and traded among investors. The primary market is where new securities are issued, such as in an initial public offering. The third, fourth, and fifth markets do not exist.

Wilson Just Placed an Order with His Broker to Purchase