The Economics of Money, Banking and Financial Markets (11th Edition) (The Pearson Series in Economics)
11th Edition
ISBN: 9780133836790
Author: Frederic S. Mishkin
Publisher: PEARSON
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Question
Chapter 2, Problem 5Q
To determine
Whether the claim that the secondary markets are less important than the primary markets in the financial system is true, false or uncertain
Introduction:
The primary market for stocks and bonds refers to the market where the stock and the bonds of a company are traded or issued for the first time.
Secondary market, on the other hand refers to the marketplace for the sale and purchase of already traded stocks and bonds of the primary market.
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The Economics of Money, Banking and Financial Markets (11th Edition) (The Pearson Series in Economics)
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