A market in which an investor purchases financial securities (via an investment bank or other representative) from the issuer of those securities is called the ____________ market.

Question

Quizplus · Accepted Answer

The primary market is where new securities are issued and sold for the first time, typically by an investment bank acting as an intermediary between the issuer and the investors. This is also known as the "issuance market" or "new issue market". The secondary market, on the other hand, is where previously issued securities are bought and sold among investors, and is sometimes referred to as the "resale market". The other options (technical, fundamental, and efficient) are not relevant to this context.

A Market in Which an Investor Purchases Financial Securities (Via