The primary market is deﬁned as the:
A)market for insured securities.
B)market for new issues.
C)market for securities of the largest ﬁrms.
D)over-the-counter market.
E)None of the above.

Question

Quizplus · Accepted Answer

The primary market is the market for new issues or securities being sold for the first time by the issuer. This includes initial public offerings (IPOs) and new bond issuances. Choices A, C, and D are not accurate definitions of the primary market.

The Primary Market Is Deﬁned as The