What is the difference between a primary market and a secondary market?
(A) A primary market is financial assets that can be redeemed only by the original investor; a secondary market's assets can be resold.
(B) A primary market is redeemed by a company's assets; a secondary market is redeemed by what is owed to the company.
(C) A primary market is money lent for less than a year; a secondary market is money lent for a longer time.
(D) A primary market is paid first if a company is in trouble; a secondary market gets what is left.
Ans: (A) A primary market is financial assets that can be redeemed only by the original investor; a secondary market's assets can be resold.
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