You just concluded a stock purchase transaction via a computer hookup rather than in an organized exchange.This trade took place in the
A)over-the-counter market.
B)NYSE.
C)AMEX.
D)primary market.
E)none of the above.

Question

Quizplus · Accepted Answer

The over-the-counter (OTC) market is a decentralized market where securities are traded through a computer network, rather than on an organized exchange. Transactions in the OTC market typically involve buying and selling stocks that are not listed on major exchanges, such as the NYSE or AMEX. Therefore, if the stock purchase transaction took place via a computer hookup rather than on an organized exchange, it most likely occurred in the OTC market.

You Just Concluded a Stock Purchase Transaction Via a Computer