An overview of the financial system - Financial Markets - primary and secondary market
8 important questions on An overview of the financial system - Financial Markets - primary and secondary market
What is the difference between the primary and secondary market?
Secondary: securities that have been issued before can be resold.
Why are investment banks an important intermediary in the primary market?
What are the important intermediaries of the secondary market?
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What is the difference between a broker and a dealer?
Dealer: agents that link buyers and seller (buying and selling securities at stated prices. )
Why is the secondary market important?
What can cause liquidity to dry up in the OTC-Markets?
What are the differences between OTC-Markets and exchanges?
Why are OTC-Markets not considered exchanges?
The question on the page originate from the summary of the following study material:
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- Never study anything twice again
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