A primary market is which of these?
A)Where stocks are sold and resold.
B)Where bonds are sold and resold.
C)Where intermediaries are the buyers and sellers.
D)Where a security is initially sold for the first time.

Question

Quizplus · Accepted Answer

A primary market is where a security is initially sold for the first time. Choices A and B refer to secondary markets where securities are resold, while choice C refers to a market where intermediaries act as buyers and sellers, which is not necessarily a primary or secondary market.

A Primary Market Is Which of These