10. Which of the following is not a task that investment bankers perform? a. They buy securities from corporations trying to raise funds. b. They take deposits from investors and make loans to corporations. C. They resell securities purchased from corporations to investors. d. They help corporations design securities with the features that are most attractive to investors given existing market conditions. 11. When stock in a closely held corporation is offered to the public for the first time the transaction is called "going public" and the market for such stock is called the initial public offering, or IPO, market. a. True b. False 12. The primary role of financial markets is to help bring together borrowers and savers by facilitating the flow of funds from individuals and businesses that have surplus funds to individuals, businesses, and governments that have needs for funds in excess of their income. a. True b. False 13. Informational efficiency generally exists when the financial markets have a very small number of participants in search of the most profitable investments. a. True b. False 14. Economic efficiency refers to the allocation of funds to the best optimal use at the lowest costs a. True b. False