- CFA Exams
- CFA Level I Exam
- Topic 6. Fixed Income
- Learning Module 43. Fixed-Income Markets: Issuance, Trading, and Funding
- Subject 2. Primary and Secondary Bond Markets
CFA Practice Question
Most bonds are traded in ______.
B. exchange markets
C. auctions
A. OTC markets
B. exchange markets
C. auctions
Correct Answer: A
Auctions are for primary market transactions.
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