When evaluating the secondary market based upon how the securities are traded,we can divide the market into two segments:

Question

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The two segments of the secondary market based upon how the securities are traded are the broker market and the dealer market. In the broker market, brokers act as intermediaries between buyers and sellers, while in the dealer market, dealers buy and sell securities for their own accounts. This classification is based on the type of intermediary involved in the transaction, rather than market conditions or types of securities traded.

When Evaluating the Secondary Market Based Upon How the Securities