1. How does a primary market differ from a secondary market? Where are most securities traded: in the primary or the secondary market? 2. What is the difference between the broker and dealer markets?...

1. How does a primary market differ from a secondary market? Where are most securities traded: in the primary or the secondary market?

2. What is the difference between the broker and dealer markets?

3. What are regional exchanges, and what role do they play?

4. Describe the operations of the NASDAQ market. Compare it with an exchange, such as the NYSE.