Secondary Markets Make Financial Instruments More

question 16

Multiple Choice

Secondary markets make financial instruments more

• A)solid.
• B)vapid.
• C)liquid.
• D)risky.

---

Definitions:

Utility

Refers to the satisfaction or benefit that consumers receive from consuming goods or services.

Spending

The act of using money to purchase goods or services.

Dollar

The official currency of several countries, including the United States, and a standard unit of currency in international markets.

Expensive

Having a high price or cost; being relatively overpriced in comparison to value.