The NYSE is defined as a "primary" market because it is one of the largest and most important stock markets in the world.

Name: The NYSE is defined as a "primary" market because it is one of the largest and most important stock markets in the world.
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The NYSE is defined as a "primary" market because it is a venue where new issues of stocks, bonds, and other securities are sold to investors for the first time, not because of its size or importance.

The NYSE Is Defined as a "Primary" Market Because It