Explain the four functions of ‘Secondary Market’.
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The four functions of Secondary Market are mentioned below.
The main function is to provide marketability and liquidity to the present securities and assets. It provides a platform for trading to present customers.
It allows a constant estimate of the securities and helps in building demand and supply. This estimation helps in determining the price of the securities.
It guarantees fairness and safety in a transaction.
It gives a platform for channelising the saving to the most profitable way.