Purchases of new issues of share take place ________.

Name: Purchases of new issues of share take place ________.
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Question

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Purchases of new issues of share take place in the primary market, where companies issue and sell new shares to investors for the first time. The secondary market is where investors buy and sell already issued shares among themselves. The desk of the Reserve Bank and money markets are not directly involved in the purchase of new issues of shares.

Purchases of New Issues of Share Take Place ________