Which One of the Following Statements Is NOT True About

question 24

Multiple Choice

Which one of the following statements is NOT true about secondary markets?

• A) In terms of total volume of activity and total capitalisation of the companies listed, the ASX is the largest in the world and the NYSE is the second largest.
• B) In terms of the number of companies listed and shares traded on a daily basis, the NYSE is larger than the ASX.
• C) Companies listed on the NYSE tend to be, on average, larger in size and their shares trade more frequently than companies whose securities trade on ASX.
• D) In Australia, most secondary equity market transactions take place on the ASX.

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Definitions:

Issuing Debt

Refers to the process by which a corporation or government raises capital by selling bonds, bills, or notes to investors.

Purchase of Merchandise

The acquisition of goods for resale, typically recorded as an inventory asset until the goods are sold.

Operating Activities

Refers to the primary activities that constitute the main revenue-producing activities of an organization, such as sales of goods or services.