- CFA Exams
- CFA Level I Exam
- Topic 5. Equity Investments
- Learning Module 1. Market Organization and Structure
- Subject 7. Secondary Security Market and Contract Market Structures
CFA Practice Question
A secondary market transaction can occur in either a dealer market or an auction market. True or False?
Correct Answer: True
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 |