If There Were No Secondary Markets for Trading Between Investors

question 69

True/False

If there were no secondary markets for trading between investors, there would be no primary market for the initial sale of securities.

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Definitions:

U.S. v. Nixon

A landmark Supreme Court case in 1974 that resulted in a unanimous decision against President Richard Nixon, compelling him to release tape recordings related to the Watergate scandal.

Executive Privilege

A right claimed by the president of the United States and other members of the executive branch to maintain confidential communications under certain circumstances, especially to shield sensitive information from legislative and judicial review.

Pocket Veto

A legislative maneuver available to the U.S. President to indirectly veto a bill by retaining it unsigned until it is too late for it to be dealt with during the legislative session.

Congressional

Pertaining to or characteristic of a formal legislative body that governs a nation, particularly in relation to the United States Congress.