GCECommerceStock Exchange2021

The stock exchange is best described as a market where

Anew shares are issued to the public for the first time
Bexisting securities are bought and soldCORRECT
Ccommercial banks lend money to investors
Dthe government sells treasury bills to the public
AI
Toaster Teacher
Why the answer is B, and why the others tempt you.
The stock exchange is a secondary market where already-issued securities such as shares, bonds and debentures are bought and sold. New shares are issued for the first time in the primary market (e.g., through an Initial Public Offering). The stock exchange provides liquidity by enabling holders to convert their securities to cash.
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