Chapter 03
How Securities Are Traded
Multiple Choice Questions
1. The trading of stock that was previously issued takes place
A. in the secondary market.
B. in the primary market.
C. usually with the assistance of an investment banker.
D. in the secondary and primary ...
A. directly contribute to the country's productive
capacity.
B. indirectly contribute to the country's productive
capacity.
C. contribute to the country's productive capacity both directly
and indirectly.
D. do not contribute to the country's productive capacity either directly
or indirectly.
E. are of no value to
anyone.
7. In 2012, ____________ was the most significant real asset of U.S. households in
terms of total value.
A. consumer
durables
B. automobil
es
C. real
estate
D. mutual fund
shares
E. bank
loans
8. In 2012, ____________ was the least significant financial asset of U.S. households in
terms of total value.
A. real
estate
B. mutual fund
shares
C. debt
securities
D. life insurance
reserves
E. pension
reserves
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