Revan was the sole heir to the entire property of his grandfather. SO, along with all other inheritance received by him, he also gt some share certificates which he found to be of great value if sold. He decided to sell them now. Suggest him the market he should approach to sell the aforesaid inherited securities.

Secondary Market

The correct answer is option (4) : Secondary Market

Revan, in this scenario, should approach the secondary market to sell the inherited share certificates

• The secondary market is where existing securities are traded among investors. It allows for the buying and selling of securities previously issued in the primary market. The secondary market provides liquidity and a platform for investors to trade these securities after the initial issuance.

Primary Market:

• The primary market is where securities are created and first offered for sale. It is the market for new issues of securities, such as IPOs (Initial Public Offerings), where companies raise capital by issuing new stocks or bonds.

Money Market:

• The money market is a component of the financial market where short-term borrowing and lending of funds take place. It deals with short-term debt instruments that mature in one year or less, such as Treasury bills, commercial papers, and certificates of deposit.

Local Market:

• The term "local market" can refer to a specific geographic area where trading of goods or services takes place. It does not usually refer to the financial market for securities.