Which of the Following Transactions Takes Place in Secondary Markets

question 16

Multiple Choice

Which of the following transactions takes place in secondary markets?

• A)New stock sold in an initial public offering.
• B)Treasury securities auctioned off by the government.
• C)Stock sold by an insurance company to adjust its portfolio of assets'.
• D)Stock sold in a seasoned equity offering.
• E)None of the above.

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Definitions:

Recordkeeping

The process of maintaining accurate and systematic records of financial transactions and other business events.

Custody of Assets

Holding and safeguarding of assets or securities by a financial institution or an individual on behalf of the owner.

Responsibilities

Duties or obligations assigned to individuals or organizations, requiring them to act in certain ways or achieve specific outcomes.

Electronic Funds Transfer

The electronic exchange or transfer of money from one account to another, either within the same financial institution or across different institutions, through computer-based systems.