Q43.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

答案和详解如下：

Q43.    C   Study Session 13-55.c

New issues of securities, that provide initial and/or additional capital for governmental unts and corporations, are underwritten and sold in the primary market;

Secondary capital markets provide liquidity to owners of existing securities.

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