Final answer:
Estrogens and progesterone are the primary hormones produced by the ovaries. Inhibin is also produced by the granulosa cells of the ovarian follicles.
Step-by-step explanation:
The primary hormones produced by the ovaries are estrogens, which include estradiol, estriol, and estrone. Estrogens play an important role in a larger number of physiological processes, including the development of the ovarian reproductive system, regulation of the menstrual cycle, the development of secondary sex characteristics such as increased adipose tissue and the development of breast tissue, and the maintenance of pregnancy. Another significant ovarian hormone is progesterone, which contributes to regulation of the menstrual cycle and is important in preparing the body for pregnancy as well as maintaining pregnancy. In addition, the granulosa cells of the ovarian follicles produce inhibin, which inhibits the secretion of FSH.