Asked by Maria Alanis on Apr 27, 2024
Verified
Many developing countries and virtually all developed countries have stock exchanges.
Developing Countries
Nations with a lower living standard, undeveloped industrial base, and low Human Development Index relative to other countries.
Stock Exchanges
Marketplaces where stocks (shares of ownership in businesses) are bought and sold by investors.
- Illustrate the relevance and mechanism of secondary markets.
Verified Answer
JM
Jolene MaciasApr 29, 2024
Final Answer :
True
Explanation :
Most developed countries have well-established stock exchanges, and many developing countries also have stock exchanges to facilitate the trading of company shares and other securities, contributing to their financial system's growth and efficiency.
Learning Objectives
- Illustrate the relevance and mechanism of secondary markets.