Answer question 37 10:26docs.google.com/formsresidual claimants4516D) underwriters37) A financial market in whichpreviously issued securities can beresold is called amarket.A) primaryB) secondaryC) tertiaryD) used securities38) An important financial institutionthat assists in the initial sale ofsecurities in the primary market istheA) investment bank.B) commercial bank.C) stock exchange.

In financial markets stocks, bonds, treasury bills, securities, etc. are traded.

Answered: 37) A financial market in which…

37) A financial market in which previously issued securities can be resold is called a market. A) primary B) secondary OC) tertiary OD) used securities

Essentials of Economics (MindTap Course List)

8th Edition

ISBN:9781337091992

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter19: The Basic Tools Of Finance

Section: Chapter Questions

Problem 4PA

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Question

Answer question 37

10:26
docs.google.com/forms
residual claimants
451
6
D) underwriters
37) A financial market in which
previously issued securities can be
resold is called a
market.
A) primary
B) secondary
C) tertiary
D) used securities
38) An important financial institution
that assists in the initial sale of
securities in the primary market is
the
A) investment bank.
B) commercial bank.
C) stock exchange.

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