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FINRA Series 7

Category - Series 7

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The term “secondary market” refers to:

trading in issues of low quality
trading in outstanding issues
issues that banks are not permitted to underwrite
private placements

Explanation

Answer: B - trading in outstanding issues. Secondary market transactions involve trading in securities after the original issue is made. When an issuer offers new securities to the public it is a “primary offering”.

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FINRA Series 7

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FINRA Series 7

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