Question 1 5 pts Who are the major buyers of financial instruments in the primary markets? O Retail investors Both institutional and retail investors Institutional investors None of these choices D Question 2 5 pts Which of the following statement is TRUE? O Corporate security Issuers are always directly involved in funds transfers in the secondary market. Money market instruments are debt securities with maturities of more than one year O The average cost incurred by financial institutions to collect information is larger than that of individuals. Primary markets are markets in which users of funds raise funds by issuing new financial instruments