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xie xie

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re

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[em11][em10]

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答案和详解如下:

52Correct answer is C

"Organization and Functioning of Securities Markets," Frank K. Reilly and Keith C. Brown

2008 Modular Level I, Vol. 5, pp. 8-15

Study Session 13-52-b

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

New issues of securities, which 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.

 

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