Why are well developed secondary markets important

Reference no: EM131191832

The secondary market for T-bills is active, and the secondary market for federal agency securities is limited. How does this affect the primary market for each security?

Why are well- developed secondary markets important for the operation of an efficient financial system?

Reference no: EM131191832

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Why are well developed secondary markets important : The secondary market for T-bills is active, and the secondary market for federal agency securities is limited.- How does this affect the primary market for each security?

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