Why is a stock exchange like NASDAQ considered a secondary market?

A) It trades the second largest volume of shares in the world.
B) Shares sold on it are exchanged between investors without any involvement of the issuing corporation.
C) The exchange has rules that attempt to ensure that bid and ask prices do not get too far apart.
D) NASDAQ is called a secondary market because NYSE is considered a primary market.


Answer: B

Business

You might also like to view...

In the context of the business buying decision process, what is a buying center? Explain why it presents a major marketing challenge

What will be an ideal response?

Business

When a business hires a new employee, a recordable transaction has occurred

Indicate whether the statement is true or false

Business

A selling organization is likely to copyright a written sales proposal when _____.

A. it wants a schedule of key implementation events to remain confidential B. the proposal includes testimonials and endorsements C. the proposal includes details of customer appointments D. it wants to protect proprietary information in the proposal E. the proposal is written in seller jargon

Business

The everyday expressions "losing face" and "saving face" describe situations in which a person fears a decline in their reputation or encounters an opportunity to avoid such a decline.

Answer the following statement true (T) or false (F)

Business