Secondary Markets Include Only Organized Exchanges Such as the NYSE

question 32

True/False

Secondary markets include only organized exchanges such as the NYSE and the regional exchanges.

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Definitions:

Monopsony

A market condition where there is only one buyer for many sellers, giving the buyer significant power over prices and terms.

Union Shop

A workplace where employees are not required to join the union to be hired, but must join shortly after commencing employment and remain members for as long as they are employed there.

Company Towns

Communities where nearly all stores and housing are owned by the one company that is also the main employer.

AFL

American Federation of Labor, a national federation of labor unions in the United States.