Final answer:
True. In the United States, stocks sold on either the New York Stock Exchange or NASDAQ are considered sold in the primary market.
Step-by-step explanation:
True. In the United States, stocks sold on either the New York Stock Exchange or NASDAQ are considered sold in the primary market. The primary market is where new securities are created and sold directly from the issuer (company) to investors. When a company wants to go public and raise capital by selling stocks for the first time, it does so in the primary market. The NYSE and NASDAQ are both examples of primary markets because they facilitate the initial sale of stocks.
The statement that stocks sold on either the New York Stock Exchange or NASDAQ are considered sold in the primary market is false. In the United States, the initial offering of stocks to the public, known as an initial public offering (IPO), occurs in the primary market. Once the IPO is complete, these stocks are then traded on the secondary market, which includes exchanges like the NYSE and NASDAQ. Hence, when stocks are bought and sold on the NYSE or NASDAQ, it's part of the secondary market, not the primary market.