1- The first sale of a company's stock occurs in the

A- tertiary market

B- primary market

C- secondary market

D- can occur in any market

2- Which of the following is not an example of an organized exchange?

A- NYSE

B- AMEX

C- NASDAQ

D- SQL

3. The primary ben efit of listing a stock to be traded on an organized exchange is that it provides investors

A- a primary market

B- prestige

C- cash

D- liquidity