Question

Organized securities markets a. are examples of financial intermediaries. b. are secondary markets. c. transfer resources from savers to borrowers. d. are not subject to regulation.

Answer 1

Answer:

b. are secondary markets

Explanation:

Secondary market can be defined as a market where various investors sell and buy securities from other investors.

Some examples of secondary market around the world are New York Stock Exchange (NYSE), NASDAQ, London Stock Exchange (LSE) and National Stock Exchange (NSE).

On the other hand, the primary market refers to the market where these securities that are being sold are issued or created.

Hence, organized securities markets are secondary markets.