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Which of the following statements is NOT true about secondary markets?

The role of NYSE, NASDAQ, and other stock exchange is to bring together buyers and sellers.

In the United States, most secondary market transactions are done on one of the many stock exchanges.

In terms of total stock value of the firms listed, the NASDAQ is the largest stock exchange in the world and the NYSE is the

second largest.

Firms listed on the NYSE tend to be larger in size and their shares trade more frequently than those traded on NASDAQ.