According to the text, the secondary securities issued by financial intermediaries include all of the following items except one. Which is not normally a secondary security?

Question

Quizplus · Accepted Answer

Corporate bonds are primary securities issued directly by corporations to raise funds, not secondary securities issued by financial intermediaries. Secondary securities typically include products like checking accounts, insurance policies, retirement plans, and savings deposits, which are created and managed by financial institutions.

According to the Text, the Secondary Securities Issued by Financial