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When a firm is issuing new securities, this is called a(n) ____.
A) investment-grade issue
B) seasoned issue
C) initial public offering
D) secondary issue
Answer: C
Diff: 1 Type: MC Page Ref: 282
Skill: Recall
Objective List: 12.4 Understanding the operation of securities markets
A(n) ____ is an example of a security which is currently selling on the market.
A) seasoned issue
B) new issue
C) IPO issue
D) current issue
Answer: A
Diff: 1 Type: MC Page Ref: 282
Skill: Recall
Objective List: 12.4 Understanding the operation of securities markets
The financial market where a corporation or government issues securities is called ____.
A) a money market
B) a mercantile exchange
C) a debt market
D) a primary market
Answer: D
Diff: 1 Type: MC Page Ref: 282
Skill: Recall
Objective List: 12.4 Understanding the operation of securities markets
The market in which previously issued securities can be resold is called ____.
A) a secondary market
B) a resale market
C) a debt market
D) an exchange market
Answer: A
Diff: 1 Type: MC Page Ref: 282
Skill: Recall
Objective List: 12.4 Understanding the operation of securities markets