Multiple Choice: Conceptual You recently sold 100 shares of Microsoft stock to your brother at a family reunion. At the reunion your brother gave you a check for the stock and you gave your brother the stock certificates. Which of the following best describes this transaction?
A. This is an example of a direct transfer of capital.
B. This is an example of a primary market transaction.
C. This is an example of an exchange of physical assets.
D. This is an example of a money market transaction.
E. This is an example of a derivative market transaction.
Answer: A
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