If You Buy Shares of Coca-Cola on the Secondary Market

question 10

Multiple Choice

If you buy shares of Coca-Cola on the secondary market:

• A)Coca-Cola receives the money because the company has issued new shares.
• B)you buy the shares from another investor who decided to sell the shares.
• C)you buy the shares from the New York Stock Exchange.
• D)you buy the shares from the Federal Reserve.

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Definitions:

Impression

The effect or influence that something or someone produces on the mind or feelings; a perception or interpretation of something.

Negotiable Instruments

Negotiable Instruments are written documents guaranteeing the payment of a specific amount of money to the bearer or named party, such as checks, promissory notes, and drafts.

Unconditional Promise

A pledge or assurance given without any prerequisites or contingencies.

Specific Sum

A fixed amount of money that is defined and stipulated within a contract or legal document.