The market for large blocks of listed stocks that operates outside the confines of the organized exchanges is called the:
A) primary market
B) secondary market
C) third market
D) fourth market

Question

Quizplus · Accepted Answer

The market for large blocks of listed stocks that operates outside the confines of the organized exchanges is called the third market. The primary market is where newly issued securities are offered to the public, while the secondary market is where previously issued securities are traded between investors. The fourth market refers to direct trading between large institutional investors without the involvement of a broker.

The Market for Large Blocks of Listed Stocks That Operates