You recently sold 200 shares of Apple stock to your brother.The transfer was made through a broker, and the trade occurred on the NYSE.This is an example of:
A) A futures market transaction.
B) A primary market transaction.
C) A secondary market transaction.
D) A money market transaction.
E) An over-the-counter market transaction.

Question

​You recently sold 200 shares of Apple stock to your brother.The transfer was made through a broker, and the trade occurred on the NYSE.This is an example of:
A) ​A futures market transaction.
B) ​A primary market transaction.
C) ​A secondary market transaction.
D) ​A money market transaction.
E) ​An over-the-counter market transaction.

Quizplus · Accepted Answer

A secondary market transaction involves the buying and selling of securities through a broker on a stock exchange, which is the case in this scenario. The NYSE is a secondary market where previously issued shares of Apple stock are traded between investors.

​You Recently Sold 200 Shares of Apple Stock to Your

You Recently Sold 200 Shares of Apple Stock to Your