Mike calls his broker and instructs him to immediately buy 2,000 shares of Borgwarner Inc, which...
Mike calls his broker and instructs him to immediately buy 2,000 shares of Borgwarner Inc, which is traded on the New York Stock Exchange (NYSE).
A. Physical asset market
B. Futures market
C. Secondary market
D. Primary market
E. Private market
Homework Answers
Trading of stock in New York Stock Exchange (NYSE) are known as secondary market transaction and New York stock Exchange (NYSE) are Secondary market where stock is traded.
When security is first time issued, it is called primary market. After issuance stock are traded in stock Exchanges that are called Secondary market.
So Mike instructions to his broker to immediately buy 2,000 shares of Borgwarner Inc, which is traded on the New York Stock Exchange (NYSE) is Secondary Market.
C.
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