What term describes the market with the greatest volume and level of activity for an asset or liability?
A) Secondary market
B) Principal market
C) Stock market
D) International exchange

Question

Quizplus · Accepted Answer

The principal market is the market with the highest level of activity and volume for an asset or liability, also known as the primary market. In this market, the initial issuance of a security takes place. The secondary market, on the other hand, is where the securities are traded after they have been issued. The stock market and international exchange are types of markets within the secondary market.

What Term Describes the Market with the Greatest Volume and Level