Question

question 27
which of the following is not a secondary market?
foreign exchange market
ipo market
options market
futures market

Explanation:

To determine which is not a secondary market, we recall: Secondary markets trade existing securities. The IPO (Initial Public Offering) market is where new securities are issued (primary market). Foreign exchange, options, and futures markets trade existing financial instruments (secondary or derivative markets).

Answer:

B. IPO market