The issuing of new securities, mortgages, and other claims to wealth takes place in the:
A) secondary market
B) money market
C) primary market
D) securities market

Question

Quizplus · Accepted Answer

The primary market is where new securities, mortgages, and other claims to wealth are issued for the first time. This is also known as the "new issue market." The secondary market, on the other hand, is where investors buy and sell existing securities. The money market refers to the market for short-term, low-risk debt securities. The securities market is a broad term that could refer to both primary and secondary markets.

The Issuing of New Securities, Mortgages, and Other Claims to Wealth