(I) The market for new issues of stock is called the primary market. (II) The New York Stock Exchange is an example of a secondary market in which previously issued shares are traded between investors.
A) I is true; II is false.
B) I is false; II is true.
C) Both I and II are true.
D) Both I and II are false.

Question

Quizplus · Accepted Answer

The statement in option I is true as the market in which new issues of stock are sold is called the primary market. The statement in option II is also true as the New York Stock Exchange is an example of a secondary market where previously issued shares are traded between investors. Therefore, both statements I and II are true.

(I) the Market for New Issues of Stock Is Called