The sale of "used" securities,where the financial asset is being traded from one individual to another and the proceeds do not go to the original issuer of the security,is said to take place in the ________ market.
A)primary
B)money
C)secondary
D)capital

Question

Quizplus · Accepted Answer

The secondary market is where securities that have already been issued are traded between investors. The proceeds from the sale go to the seller, not the issuer. The primary market is where new securities are issued and sold for the first time, with the proceeds going to the issuer. The money market is a subset of the financial market that deals with short-term borrowing and lending. The capital market is a larger market that includes both the primary and secondary markets for long-term borrowing and lending.

The Sale of "Used" Securities,where the Financial Asset Is Being