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Basic Question 3 of 10
A secondary market transaction can occur in either a dealer market or an auction market. True or False?
User Contributed Comments 3
| User | Comment |
|---|---|
| jpducros | Guys, when refering to secondary market, think of eBay, which deals with "second hand" products. It is either a auction market (individual sell through auction), either a dealer market (buy it now !)...just a hint... |
| JohnnyWu | Nice example. |
| leon121 | well done jpducros |
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Learning Outcome Statements
describe how securities, contracts, and currencies are traded in quote-driven, order-driven, and brokered markets
CFA® 2024 Level I Curriculum, Volume 3, Module 1.