When Nissan sells a new Sentra and receives the proceeds, the transaction takes place in which of the following markets?

Question

Quizplus · Accepted Answer

The sale of a new Sentra is an example of a primary market transaction. This is because the car is being sold for the first time, and the proceeds are going directly to Nissan as the issuer of the security. The primary market is where new securities are issued and sold to investors for the first time.

When Nissan Sells a New Sentra and Receives the Proceeds