The Secondary Market Does Not

question 93

Multiple Choice

The secondary market does not

• A)have a strong effect on investment and economic growth.
• B)have a strong effect on the primary market.
• C)generate additional funds for the economy as a whole.
• D)All of the above are correct.

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Definitions:

UCC

The Uniform Commercial Code, a set of laws that regulate sales and commercial transactions in the United States.

Express Warranties

Explicitly stated assurances provided by a seller to a buyer regarding the quality, condition, or performance of a product or service.

Express Warranty

is a seller’s promise or guarantee that a product will meet certain quality and reliability standards, explicitly stated in the contract or sales agreement.

Credit

The ability of a consumer to obtain goods or services before payment, based on the trust that payment will be made in the future.