A market where transactions are made directly between large institutions and wealthy individuals that bypass brokers and dealers is an example of
A)the primary market.
B)the secondary market.
C)the third market.
D)the fourth market.

Question

Quizplus · Accepted Answer

The fourth market refers to direct trading between large institutions and wealthy individuals, bypassing brokers and dealers. The primary market refers to the issuance of new securities, while the secondary market is where previously issued securities are traded among investors. The third market refers to the trading of exchange-listed securities in the over-the-counter market.

A Market Where Transactions Are Made Directly Between Large Institutions