Q290
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
AnswerAnswer: Option D
Solution
Answer: Option D
Solution:
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.