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Which of the following is NOT a function or service provided by secondary markets? Select one: a. Providing liquidity to owners of existing financial instruments
Which of the following is NOT a function or service provided by secondary markets?
Select one:
a. Providing liquidity to owners of existing financial instruments
b. Matching lenders (savers) with borrowers in need of funds
c. Determining the price of the security that the issuing firms sells in the primary market
d. Providing information to borrowers and lenders about expectations and attitudes of the economic climate
And please explain why
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