If You Just Purchased a Share of IBM Through a New

question 76

Multiple Choice

If you just purchased a share of IBM through a New York Stock Exchange-based transaction, you participated in:

• A) a primary market transaction.
• B) a secondary market transaction.
• C) a futures market transaction.
• D) none of the above.

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Definitions:

Aggrieved Party

An individual or entity that has suffered legal wrong or harm, and who is entitled to bring a lawsuit against the party responsible for that harm.

Modified Contract

An agreement where the original terms have been altered or amended by the parties involved, following mutual consent.

Consideration

The value (such as money, a promise, or a service) that is given by both parties in a contract making the agreement legally binding.

Personal Property

Movable assets owned by an individual or entity, as opposed to real estate or land.