Correct the underlined word and rewrite the following sentences.

1. In Primary market, already existing securities are traded.
Ans: In Secondary market, already existing securities are traded.

2. Companies sell fresh shares for the first time to the public in secondary market.
Ans: Companies sell fresh shares for the first time to the public in Primary Market

3. In Money market, the instruments traded have maturity period of more than one year.
Ans: In Capital market, the instruments traded have maturity period of more than one year.

4. Financial market can be classified as capital market and call money market.
Ans: Financial market can be classified as capital market and money market.