Jackson was interested in purchasing low-value securities that were not listed on the NYSE. He probably used _____ to complete his transaction.

Question

Quizplus · Accepted Answer

The over-the-counter (OTC) market is a decentralized market where low-value securities that are not listed on the NYSE are traded. Therefore, Jackson most likely used the OTC market to complete his transaction. A is incorrect because an initial public offering (IPO) is a process where a company goes public for the first time by selling its shares to the public. B is incorrect because an investment bank typically acts as an intermediary in underwriting securities offerings, mergers and acquisitions, and other financial transactions. D is incorrect because the primary market is the market where new securities are issued to the public for the first time, such as through an IPO. E is incorrect because the Securities and Exchange Commission website is a regulatory agency that oversees securities markets and enforces federal securities laws, but it does not facilitate transactions.

Jackson Was Interested in Purchasing Low-Value Securities That Were Not