A- The arrangement when the investment banking firm buys the securities being offered from the issuing firm and then sells the securities in the primary markets is called

1) a best-efforts agreement

2) a direct transfer

3) an OTC transaction

4) an underwriting arrangement

B- None of the proceeds from the selling stock go to the firm that originally issued the stock in a ______________________ transaction

1) primary market

2) secondary market

3) both a and b

4) neither a nor b

C- Which of the following is a not-for-profit organization that is owned by its depositors and is often the cheapest source of funds for individual borrowers?

1) mutual funds

2) commercial banks

3) savings and loans

4) credit unions

D- Which of the following has traditionally and still primarily provides mortgage loans?

1) mutual funds

2) commercial banks

3) savings and loans

4) credit unions

E- Which of the following in the past primarily provided business loans and still represents the primary source of business loans?

1) mutual funds

2) commercial banks

3) savings and loans

4) credit unions