- Primary market is where securities are created and first sold to the public (e.g., through IPOs). The issuer receives the funds. - Secondary market is where investors trade existing securities. The original issuer is not involved in these transactions and does not receive funds from the sale. This is where liquidity is provided, as investors can buy and sell previously issued securities.
The type of capital market in which a security can be sold several times is ______ .
Asked in KPSC KAS Prelims 2017 · Topic: Money & Banking (Financial Markets: Money Market and Capital Market (Components, Instruments, Role))
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