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9. Question 5: Certificate of deposits are financial instruments traded on capital markets because they help businesses raise capital. * (0.5 Points) True False 10.
9. Question 5: Certificate of deposits are financial instruments traded on capital markets because they help businesses raise capital. * (0.5 Points) True False 10. Explain your answer for Question 5* (0.5 Points) Enter your answer 11. Question 6: Second-hand car dealers often know the best of the quality of their cars, leading to very few quality cars being sold, for fear that the car will be undervalued for its value. Is this phenomenon called moral hazard caused by asymmetric information? (0.5 Points) Enter your answer 12. Explain your answer for Question 6* (0.5 Points)
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