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FINRA Investment Company and Variable Contracts Products Representative Qualification Examination (IR)
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Question #18
#18
Multiple Choice
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Which of the following statements about primary market transactions is true?
A.
A primary market transaction is defined as a transaction that is executed on either the NYSE or NASDAQ. Transactions that take place on ECNs are secondary market transactions.
B.
In a primary market transaction, the issuer of the security receives the proceeds from the sale of the security.
C.
A primary market transaction refers to the trading of stocks; a secondary market transaction is defined as a transaction that involves bonds.
D.
Both A and B are true statements.
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Question 18 of 325
Exam SERIES-6 Topic 1 Question 18
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