For the most part secondary securities issued by financial intermediaries share all of the following characteristics except one. Identify which one.

Question

Quizplus · Accepted Answer

Secondary securities typically have characteristics such as low risk, small denominations, liquidity, and convenience to make them accessible and attractive to individual investors. However, they do not necessarily have long maturities; this aspect can vary widely depending on the specific security.

For the Most Part Secondary Securities Issued by Financial Intermediaries