If you decide to buy 100 shares of Google, you would probably do so by calling your broker and asking him or her to execute the trade for you. This would be defined as a secondary market transaction, not a primary market transaction. True / False.

Question

Business

Elliot Spears

25 February, 19:53

If you decide to buy 100 shares of Google, you would probably do so by calling your broker and asking him or her to execute the trade for you. This would be defined as a secondary market transaction, not a primary market transaction. True / False.

+2

Answers (1)

Know the Answer?

Izabelle Lin · Answer 1

True

Explanation:

It is secondary market because In the primary market, companies sell new stocks and bonds to the public for the first time, such as with an initial public offering (IPO). When you buy and sell those stocks that were previously issues on primary market