Question: The main difference between a primary and a secondary stock market: a) In the primary market transactions take place without the intervention of an intermediary,

The main difference between a primary and a secondary stock market:

a) In the primary market transactions take place without the intervention of an intermediary, whereas in the secondary market an intermediary is involved.

b) In the primary market shares are sold by the issuer to an investor, whereas in a secondary market shares are exchanged between investors.

c) The transactions amounts are always higher in the primary than in the secondary market.

d) The primary is located in a financial centre, whereas the secondary is not

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