Florida Real Estate Practice Exam

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Which market buys and sells existing mortgages?

Federal market
Treasury market
Primary market
Secondary market

The correct answer is: Secondary market

The secondary market is where existing mortgages are bought and sold, while the primary market is where new mortgages are originated. The Federal market primarily deals with monetary policy and maintaining the stability of the financial system, while the Treasury market involves the buying and selling of government securities. Therefore, the secondary market is the most relevant answer to the question.