Explain the statement “The money market is necessary but not sufficient for the liquidity of securities on the stock market

EBK CONTEMPORARY FINANCIAL MANAGEMENT
14th Edition
ISBN:9781337514835
Author:MOYER
Publisher:MOYER
Chapter7: Common Stock: Characteristics, Valuation, And Issuance
Section: Chapter Questions
Problem 15QTD
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Explain the statement “The money market is necessary but not sufficient for the liquidity of securities on the stock market

 

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