The most important economic function of new issue market is to ____.
A. provide liquidity to securities.
B. provide facilities for converting saving into investments.
C. give proper direction to the flow of capital.
D. give direction.
Answer:B
The most important economic function of new issue market is to ____.
A. provide liquidity to securities. B. provide facilities for converting saving into investments. C. give proper direction to the flow of capital. D. give direction.