The Sales of Securities in the Secondary Market Does Not

question 44

True/False

The sales of securities in the secondary market does not raise capital for the business whose stock is sold.

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Definitions:

Convention in Philadelphia

The Convention in Philadelphia, also known as the Constitutional Convention of 1787, was a meeting where the Constitution of the United States was drafted to replace the Articles of Confederation.

Rhode Island

The smallest U.S. state by area, known for its sandy shores and seaside colonial towns. It played a significant role in the American Revolution.

Massachusetts

A state in the northeastern United States, known for its significant historical sites related to the early history of the nation.

Virginia

A state in the southeastern and Mid-Atlantic regions of the United States, known for its significant historical landmarks.