Keith is a financial consultant and has made the following statement to his clients in newsletter that a 30-year Treasury bond issued in the last year can be sold in four different categories of market listed below:
1 the money market
2 the capital market
3 the primary market
4 the secondary market
Which of these markets are actually available for the sale?
Select ONE answer:
- 1 and 3 only
- 1 and 4 only
- 2 and 3 only
- 2 and 4 only
Show your workings to arrive at your answer, and explain and justify your reasons:
……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………
This multiple-choice question is suitable for Accounting KS5 classes.
The answer is 4
- Not correct
- Not correct
- Not correct
- Correct == > The bond can be sold in a capital market and a secondary market.
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