When an issuer sells a new financial asset to the public, it is sold in the:
A) Primary market.
B) Intermediate market.
C) Secondary market.
D) Commodities market.
E) None of the above.

Question

Quizplus · Accepted Answer

When an issuer sells a new financial asset to the public for the first time, it occurs in the primary market. This is where securities are created, and it's the market that allows issuers to raise capital from investors.

When an Issuer Sells a New Financial Asset to the Public