What is refers to the primary market for municipal securities?

Please find the detailed answer below.

Explanation:

Securities (e.g bonds, equities etc) are created in the primary markets. Simply put, the primary market for municipal securities is the market between municipal government and the investors. Municipal government issued securities direct from investors.

If after the primary market, investors sell the same security among themselves, the market is known as secondary market.

answeri believe this is (true );