If you just purchased a share of BHP through an Australia Securities Exchange-based transaction, you participated in:
A) a primary market transaction.
B) a secondary market transaction.
C) a futures market transaction.
D) a tertiary market transaction.

Question

Quizplus · Accepted Answer

A secondary market transaction is when shares are bought and sold among investors on an exchange, such as the Australia Securities Exchange. A primary market transaction involves the issuing of new shares to raise capital for a company. A futures market transaction involves agreements to buy/sell assets at a future date at a predetermined price. A tertiary market transaction involves the buying and selling of securities through intermediaries, such as mutual funds or pension funds.

If You Just Purchased a Share of BHP Through an Australia