Trading of securities directly between investors without the involvement of brokers or dealers is best described as:
A) Third market
B) Fourth market
C) Primary market
D) Secondary market

Question

Quizplus · Accepted Answer

The fourth market refers to the direct trading of securities between investors without the involvement of brokers or dealers, facilitating more direct transactions and potentially lower costs.

Trading of Securities Directly Between Investors Without the Involvement of Brokers