E. $2.10 M 3. The secondary market is best defined by which one of the following

Question

E. $2.10 M 3. The secondary market is best defined by which one of the following? A. market in which subordinated shares are issued and resold B. market conducted solely by brokers C. market dominated by dealers D. market where outstanding shares of stock are resold E. market where warrants are offered and sold M 4. An agent who maintains an inventory from which he or she buys and sells securities is called a: A. broker. B. trader. C. capitalist. D. principal. E. dealer. M 5. A securities market primarily comprised of dealers who buy and sell for their own inventories is referred to whi market? A. auction B. private C over-the-counter D. regional E electronic network

Explanation / Answer

D: market where outstanding shares are resold

Shares that are traded among investors are called secondary markets.

E: dealer

C: over the counter

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