Which of the following describes a primary financial market?

The primary financial market is defined as the market where new securities are issued and sold for the first time. This can occur through the issuance of stocks or bonds by corporations and governments, which allows them to raise capital directly from investors. When a company goes public with an initial public offering (IPO), for instance, the shares sold in that IPO are part of the primary market since they represent the original sale of securities.

In contrast, the other options describe different aspects of financial markets. The buying and selling of stocks between investors refers to the secondary market, where previously issued securities are traded. The resale of existing securities also falls under the secondary market concept. Lastly, a marketplace for commodities covers a completely different area unrelated to securities. The primary market's role in facilitating direct investment from investors into new market offerings is what makes it distinct, making the choice regarding the original sale of securities the accurate description of a primary financial market.