The Market
Market can have many different meanings, but it is used most often as a catch-all term to denote both the primary and the secondary markets. In fact, primary market and secondary market are both distinct terms; the primary market refers to the market where securities are created, while the secondary market is one in which they are traded among investors. Knowing how they work is key to understanding how stocks, bonds and other securities trade. Without them, the capital markets would be much harder to navigate and much less profitable.
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