When borrower-spenders raise funds in financial markets, they issue new securities in the

Name: When borrower-spenders raise funds in financial markets, they issue new securities in the
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Question

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Borrower-spenders issuing new securities is part of the primary market activity, where securities are sold for the first time to investors. In contrast, the secondary market involves the trading of existing securities among investors. The third and fourth markets are not relevant in this context.

When Borrower-Spenders Raise Funds in Financial Markets, They Issue New