The sale of "new" securities,where the financial asset is being traded for the very first time,is said to take place in the ________ market.
A)primary
B)money
C)secondary
D)capital

Question

Quizplus · Accepted Answer

The sale of "new" securities, or initial public offerings (IPOs), take place in the primary market. This is where companies raise capital by selling shares to investors for the first time. The money market is where short-term debt securities with maturity of less than one year are traded, while the secondary market is where pre-existing securities are bought and sold among investors. The capital market includes both the primary and secondary markets for long-term investment securities.

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