ACCT 2401 Chapter Notes - Chapter 2: S&P 500 Index, Futures Exchange, Preferred Stock
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You recently sold 100 shares of microsoft stock to your brother at a family reunion. At the reunion your brother gave you a check for the stock and you gave your brother the stock certificates. Which of the following statements is correct: the nyse does not exist as a physical location. If your uncle in new york sold 100 shares of microsoft through his broker to an investor in los. Angeles, this would be a primary market transaction: while the two frequently perform similar functions, investment banks generally specialize in lending money, whereas commercial banks generally help companies raise large blocks of capital from investors. Which of the following is a primary market transaction: you sell 200 shares of ibm stock on the nyse through your broker, you buy 200 shares of ibm stock from your brother. The trade is not made through a broker--you just give him cash and he gives you the stock. c.
