You are buying 500 shares of stock from your uncle in the NASDAQ market. This transaction is taking place in the ___________ market.

Name: You are buying 500 shares of stock from your uncle in the NASDAQ market. This transaction is taking place in the ___________ market.
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Question

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The NASDAQ market is a secondary market because the shares are being bought from an existing owner (in this case, the uncle) rather than directly from the company (which would be the primary market).

You Are Buying 500 Shares of Stock from Your Uncle