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1. Trades that take place in Electronic Communication Networks (ECNs) are primary market transactions. True False 2. Government borrowing is generally insenstive to changes in

1. Trades that take place in Electronic Communication Networks (ECNs) are primary market transactions.

True

False

2. Government borrowing is generally insenstive to changes in interest rates.

True

False

3. Credit spreads for bonds tend to widern during recessions.

True

False

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