Answer (B) is correct . The primary market is one in which a firm raises additional long-term debt or equity capital. It is a market in which newly created securities are bought and sold for the first time.
Answer (A) is incorrect because Money market transactions involve debt securities with maturities of less than 1?year.
Answer (C) is incorrect because Secondary market transactions involve the trading of already outstanding securities by investors.
Answer (D) is incorrect because Mortgage market transactions relate to loans on residential, commercial, industrial, and farm real estate.
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