How does this affect the primary market for each security -, Finance Basics

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How does this affect the primary market for each security -

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?

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Finance Basics: How does this affect the primary market for each security -

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