单选题 Different type of capital markets have different functions. Which of the following describes the most direct function of: primary capital markets? secondary capital markets? A. Source of liquidity Security underwriting B. Source of new capital Source of liquidity C. Source of new capital Security underwriting

【正确答案】 B

【答案解析】New issues of securities, which provide initial and/or additional capital for governmental units and corporations, are underwritten and sold in the primary market; secondary capital markets provide liquidity to the owners of existing securities.