11) Which of the following is true of a primary market? A) It is an organized market in which all financial derivatives are traded. B) It is regulated by The Sarbanes-Oxley Act. C) It is a market where smaller, unlisted securities are traded. D) It is the only market in which the issuer is directly involved in the transaction. 12) Which of the following is true of a secondary market? A) It is a market for an unlisted company to raise equity capital. B) It is a market where securities are issued through private placement. C) It is a market in which short-term money market instruments such as Treasury bills are traded. D) It is a market in which preowned securities are traded. 13) Which of the following is true of a dealer market? A) Buyers and sellers are never brought together directly. B) Brokers execute the buy or sell orders in a dealer market. C) It bas centralized trading floors. D) It is a part of the broker market. 14) The is created by a financial relationship between suppliers and demanders of short-term funds. A) stock market B) capital market C) forex market D) money market 15) By definition, the money market involves the buying and selling of A) stocks and bonds B) short-term securities C) all financial instruments except derivatives D) secured premium notes 16) Most money market transactions are made in A) common stock B) marketable securities C) commodities market D) preferred stock 17) The is created by a number of institutions and arrangements that allow the suppliers and demanders of long-term funds to make transactions. A) forex market B) capital market C) money market D) commodities market 18) The market is where securities are initially issued and the market is where preowned securities (not new issues) are traded. A) primary; secondary B) money; capital C) secondary; primary D) primary; money 19) ............ maintain deposits of temporarily idle funds, certain tax payments and Social security payments in commercial banks. a) Individuals b) Businesses c) Governments d) Non-Profit Organizations 20) A business owned by a single individual that is entitled to all the firm's profits and is responsible for all the firm's debt is commonly known as: a) General Partnership b) Sole Proprietorship c) Corporation d) Joint Venture 21) Which of these business organizations enjoys a limited liability privilege, whereby their investors cannot lose more than the amount they have invested within? a) General Partnership b) Sole Proprietorship c) Corporation d) Govermment 22) Which of these business organizations is the easiest to start-up and dissolve? a) Sole Proprietorship b) General Partnership c) Corporation d) None of the above