[CFA模拟真题] 2006 CFA Level I －NO101 face, describes, following, function, border

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41．Which of the following describes the most direct function of:

	primary capital markets?	secondary capital markets?
A	Source of liquidity	Security underwriting
B	Source of liquidity	Source of new capital
C	Source of new capital	Source of liquidity
D	Source of new capital	Security underwriting

 

 

Select exactly 1 answers from the following: A. B. C. D.

答案和详解如下！

Feedback: Correct answer: C

Feedback: Correct answer: C

Investment Analysis and Portfolio Management, 7th edition, Frank K. Reilly and Keith C. Brown (South-Western, 2003), pp. 108?12

2006 Modular Level I, Vol. III, pp. 231-236

Study Session 12-52-c

distinguish between primary and secondary capital markets, and explain how secondary markets support primary markets

 

 

New issues of securities, that provide initial and/or additional capital for governmental units and corporations, are underwritten and sold in the primary market; secondary capital markets provide liquidity to the owners of existing securities.

[此贴子已经被管理员于2006-11-23 8:01:47编辑过]

kristinejb

3

pwmho

TY

fionzheng

d

coolguy889

c[em01]

robinlu

c

humalu

c

bingliang

c

Nelsonla

c

linna

 

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