Money markets are markets for

Money markets are markets for

22.           Money markets are markets for

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a.     Foreign currencies.

b.     Consumer automobile loans.

c.     Common stocks.

d.     Long-term bonds.

e.     Short-term debt securities such as Treasury bills and commercial paper.


23.           Which of the following statements is CORRECT?

a.     If you purchase 100 shares of Disney stock from your brother-in-law, this is an example of a primary market transaction.

b.     If Disney issues additional shares of common stock through an investment banker, this would be a secondary market transaction.

c.     The NYSE is an example of an over-the-counter market.

d.     Only institutions, and not individuals, can engage in derivative market transactions.

e.     As they are generally defined, money market transactions involve debt securities with maturities of less than one year.

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