Explain the Importance of Secondary Markets for Securities,and Show How

question 48

Essay

Explain the importance of secondary markets for securities,and show how the existence of secondary markets impacts the supply and demand for securities.

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Definitions:

Bartered Goods

Items that are traded or exchanged for other goods or services without the use of money.

Manual Insurance Log

A traditional, paper-based record keeping system for tracking insurance claims and coverage information.

Secondary Insurance

Insurance coverage that pays for medical or other expenses not covered by a person's primary insurance policy.

Clearinghouse

An intermediary entity that facilitates the exchange of financial, medical, or other types of information and transactions between two parties.