- CFA Exams
- CFA Level I Exam
- Topic 5. Equity Investments
- Learning Module 36. Market Organization and Structure
- Subject 7. Secondary Security Market and Contract Market Structures
CFA Practice Question
A security market in which all the bids and asks for a stock are gathered to arrive at a single price that satisfies most of the orders is best described as a ______.
A. primary market
B. dealer market
C. call market
Explanation: A call market is a market in which all the bids and asks for a stock are gathered to arrive at a single price where the quantity demanded is as close as possible to the quantity supplied.
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