Jordan has a few thousand dollars to invest. He wants to find newly issued stock of a fast‑growing new company. He will contact an underwriter and attempt to purchase the shares in the ________ market.

Question

Quizplus · Accepted Answer

Jordan is looking for newly issued stock, which is only available in the primary market. The secondary market is for buying and selling previously issued stock, the New York Stock Exchange and NASDAQ are both exchanges where stocks are traded, and the commodity market deals with goods such as agriculture products, metals, and energy.

Jordan Has a Few Thousand Dollars to Invest