Question

Securities are purchased and sold in primary market.

Hint:

The primary market is where new securities are issued, while the secondary market is where previously issued securities are traded.

Answer 1

Step 1: Understanding the primary and secondary markets.
Securities are initially purchased and sold in the primary market when they are first issued by companies. However, once they are issued, they are traded in the secondary market.

Step 2: Conclusion.
Therefore, the statement is false, as securities are not bought and sold in the primary market once they are issued.