You recently sold 200 shares of Apple stock to your brother. The transfer was made through a broker, and the trade occurred on the NYSE. This is an example of: a. A futures market transaction. b. A primary market transaction. c. A secondary market transaction.

Question

Selena Medina

Business

15 October, 04:51

You recently sold 200 shares of Apple stock to your brother. The transfer was made through a broker, and the trade occurred on the NYSE. This is an example of: a. A futures market transaction. b. A primary market transaction. c. A secondary market transaction.

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Answers (1)

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Sam Hicks · Answer 1

c. A secondary market transaction

Explanation:

Future market transaction: The transaction which occurs in the near future to buy some specific quantities at the future price

Primary market transaction: In this transaction, the company direct sells the new stocks, bonds, etc to the public for the first time.

Secondary market transaction: In this transaction, the transaction which is already issued to the public are sold by another investors.

So in the question, the transfer was made through a broker which means it deals in the secondary market.