13.13. Which of the following are secondary markets? (Points : 2)

The New York Stock Exchange The U.S. government bond market the over-the-counter stock market the options market All of the above

Question 14.14. When the borrower engages in activities that make it less likely that the loan will be repaid, ______________ is said to exist. (Points : 2)

fraud moral hazard adverse selection indirect finance all of the above

Question 15.15. Which of the following is a short-term financial instrument (Points : 2)

bankers acceptance commercial paper Treasury bill federal funds All of the above

Question 16.16. An important financial institution that assists in the initial sale of securities in the primary market is the: (Points : 2)

investment bank commercial bank stock exchange brokerage house

Question 17.17. Markets in which funds are transferred from those who have excess funds available to those who have a shortage of available funds are called: (Points : 2)

commodity markets funds markets financial markets exchange markets filthy capitalist institution/obscene profits dens of iniquities