Question

55. *A market for existing securities rather than new issues is known as the -------- market. A. primary B. secondary

C. tertiary

D. Capital





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Answer 1

Answer:

B.secondary

Explanation:

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Answer 2

The correct option is  B. secondary.

Explanation:

• The primary market is where securities are generated, whereas the secondary market is where investors exchange such assets.
• A secondary market serves as a mechanism for determining asset price in a transaction that is consistent with demand and supply.
• Companies sell new stocks and bonds to the public for the first time on the main market, such as through an initial public offering (IPO).