The least efficient of all the different types of secondary markets is the:
A) auction market.
B) direct search market.
C) dealer market.
D) brokered market.

Question

Quizplus · Accepted Answer

The direct search market is the least efficient among all types of secondary markets. In this market, buyers and sellers have to search for each other in order to trade, which can be a time-consuming process and may not always result in a transaction. There is no intermediary that facilitates the transaction, making the process slower and less efficient compared to other secondary markets.

The Least Efficient of All the Different Types of Secondary