金融市场与融机构基础 Fabozzi Chapter14.docVIP

Foundations of Financial Markets and Institutions, 4e (Fabozzi/Modigliani/Jones) Chapter 14 Secondary Markets Multiple Choice Questions 1 Function of Secondary Markets 1) The key distinction between a primary market and a secondary market is that, in the secondary market, ________. A) funds flow from the seller of the asset to the buyer. B) the issuer of the asset receives funds from the buyer. C) funds flow from the buyer of the asset to the seller. D) the existing issue changes hands in the primary market. Answer: C Comment: The key distinction between a primary market and a secon