11. "IPO" is the anachronym for a. Investors' Profit Objectives. b. Ideas Promote Optimization. c. Investment Provides Opportunities. d. Initial Public Offering. 12. A security transaction between two investors involving securities that have been previously issued takes place in the a. Primary market. b. Futures market. c. Secondary market. d. Money market. 13. The agency charged with regulating the sale of securities in both the primary and secondary markets is the a. Board of Fair Trade. b. Comptroller of the Currency. c. Chamber of Commerce d. Better Business Bureau. e. Security and Exchange Commission. 14. When a debt or equity security is sold for the first time by the issuing business, the transaction takes place in the a. Primary market. b. Money market. c. Secondary market. d. Futures market. 15. The secondary market provides investors with (SELECT ALL THAT APPLY): a. Loans which provide funds for purchases of securities. b. Liquidity (a continuous market). c. An objectively established price for securities. d. A widely publicized price for securities. 16. The term use to describe the task investment bankers perform when they buy new security issues and resell them to investors is a. Distributing. b. Overwriting. c. Underwriting. d. Subscribing