You have just purchased shares of stock from a stockbroker.These shares were previously traded on the NYSE.This trade took place in the
A)primary market.
B)secondary market.
C)tertiary market.
D)quaternary market.
E)none of the above.

Question

Quizplus · Accepted Answer

The secondary market is where investors trade previously issued securities, such as stocks, that are already listed on exchanges like the NYSE. The primary market is where companies issue new securities through an initial public offering (IPO) or a private placement. The tertiary and quaternary markets are not widely recognized market classifications.

You Have Just Purchased Shares of Stock from a Stockbroker