1: Which of the following statenents is TRUE regarding STOCKS?

A) A stock dealer's Bid" pric will always exceed the dealer's "Ask" price.

B) Claims of common stockholders against a corporation come before those of creditors.

C) You should buy equities if you expect a bull market in stocks.

D) Stocks have finite maturity dates.

Accounts ----represent short-term loans made by the ----

A) receivable; corporation's customers

B) payable; corparation's suppliers

C) payable; corporation's customers

D) recelvable; corporation's suppliers

D) Stocks have finite maturity dates.