Which of the following statements regarding primary and secondary markets is FALSE()
A: Secondary market transactions occur between two investors and do not involve the firm that originally issued the security.
B: New issues of government securities can be sold on the primary market.
C: Prevailing market prices are determined by primary market transactions and are used in pricing new issues.
A: Secondary market transactions occur between two investors and do not involve the firm that originally issued the security.
B: New issues of government securities can be sold on the primary market.
C: Prevailing market prices are determined by primary market transactions and are used in pricing new issues.
举一反三
- A secondary market is a financial market in which new securities are traded, while a primary market is for trading second-handed securities.
- A financial market in which previously issued securities can be<br/>resold is called a ________ market. () A: primary B: secondary C: tertiary D: used securities
- ( ) is a financial market in which securities that have been previously issued can be resold. A: Primary market B: Secondary market C: Money market D: Capital market
- A corporation acquires new funds only when its securities are sold? in the secondary market by an investment bank|in the primary market by an investment bank|in the secondary market by a stock exchange broker|in the secondary market by a commercial bank
- Primary market refers to the market ____________. A: that attempts to identify mispriced securities and arbitrage opportunities. B: in which investors trade already issued securities. C: where new issues of securities are offered. D: in which securities with custom-tailored characteristics are designed.