Direct search markets are characterised by:
A) complete price information.
B) extensive broker and dealer participation
C) private placement transactions and sale of ordinary shares of small private companies.
D) a high level of efficiency.

Question

Quizplus · Accepted Answer

Direct search markets involve private placement transactions and the sale of ordinary shares of small private companies, where buyers and sellers must find each other directly without intermediaries.

Direct Search Markets Are Characterised By