Question: What is the key difference between primary and secondary markets? In primary markets, securities have a maturity of less than one year. In secondary markets,
What is the key difference between primary and secondary markets?
In primary markets, securities have a maturity of less than one year. In secondary markets, securities have a maturity of greater than one year.
In primary markets, funds flow from investors to other investors: In secondary markets, funds flow from investors to firms.
In primary markets, securities are traded OTC and are very liquid. In secondary markets, securities are traded in organized exchanges and are illiquid.
In primary markets, funds flow from investors to firms. In secondary markets, funds flow from investors to other investors.
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