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.