English Language · English
'Consider the fact that the stock exchange and the black market are both market institutions, one formal one not.' Which one of the following statements best explains this quote, in the context of the passage?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1The stock exchange and the black market are examples of how, even within the same domain, different kinds of institutions can co-exist.✓
- 2The stock exchange and the black market are both dependent on the market to survive.
- 3The stock exchange and the black market are both organised to function by rules.
- 4Market instruments can be formally traded in the stock exchange and informally traded in the black market.
Correct answer
The stock exchange and the black market are examples of how, even within the same domain, different kinds of institutions can co-exist.
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