Which one of the following statements is incorrect?

A. Government bonds are traded on a stock exchange
B. Capital markets are the markets which trade in short-term finance
C. The purpose of the secondary market for trading shares is to make listed shares as an investment a fairly liquid asset
D. A stock exchange can be described as capital market in which securities can be freely traded in a regulated environment
E. The Johannesburg Securities Exchange provides a marketplace for primary finance, in other words for raising new capital