b) Forth Market
c) Third Market
d) Primary Market
e) All of these are false
correct answer is b
The fourth market is the direct trading of stocks
by the institutional investors to avoid brokerage
commissions. It is a trading system used by institutions
to trade amongst themselves.
The third market is trading by nonexchange-member
brokers/dealers and institutional investors of exchange-listed
stocks. In other words, the third market is exchange-listed
securities trading in the OTC market.
The secondary market is a market in which
an investor purchases an asset from another investor
rather than an issuing corporation. An example is
The primary market is where investors have
the first opportunity to buy a newly issued security
(like an IPO).