Answer to Question #229065 in Finance for poggo

Question #229065

What are the primary financial markets? Why is it critically important for the effective operation of the primary markets to have well-developed secondary markets where investors can trade with confidence?


1
Expert's answer
2021-08-25T08:38:01-0400

The primary market is the section of the capital market where the issuer issues and sells equity-backed securities directly to investors.

Primary market transactions offer capital for business expansion and, as a result, economic growth.


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