A competent U.S. financial manager must understand the way U.S. stock markets are structured and operate. In the United States, the stock markets consist of primary markets, secondary markets, listed security exchanges, over-the-counter markets, as well as the regulations that monitor these markets.
In what market do most U.S. stock market transactions occur?
...The secondary market
...The primary market
_____________ act as agents for investors who want to buy or sell stocks.
True or False: One of the major differences between the New York Stock Exchange (NYSE) and the over-the-counter (OTC) markets is that in the NYSE, designated market markers make markets and floor brokers act as agents for their customers, while in the OTC, dealers make markets and brokers act as agents for their customers.
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