Financial institutions having loans swapped for bonds can sell all bonds in
A. under-developed markets
B. developed markets
C. primary markets
D. secondary markets
Answer: Option D
Solution (By Examveda Team)
Financial institutions having loans swapped for bonds can sell all bonds in secondary markets. A secondary market is a marketplace where already issued securities both shares and debt can be bought and sold by the investors. So, it is a market where investors buy securities from other investors, and not from the issuing company.This Question Belongs to Management >> International Finance And Treasury
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