The secondary market is where previously issued securities are traded.

Question

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The secondary market is where investors can buy and sell previously issued securities, such as stocks, bonds, and mutual funds, among others. This market is distinct from the primary market, which is where new securities are initially offered to the public for the first time. In the secondary market, the trading is usually done between investors, without any direct involvement from the issuer of the securities.

The Secondary Market Is Where Previously Issued Securities Are Traded