Indicate whether true( ) or false( x) of the following statements;

1. The prospectus is a tool of regular disclosure by the company its financial statement.
2. Companies rely on securities market to satisfy its short term financial requirements.
3. According to the Egyptian law investment funds are not allowed to issue shares or bonds.
4. The rate of inflation increases when the external borrowing by the country increases.
5. The real return on investment is always less than than the nominal return.
6. The investment certificates issued by investment funds are not considered one of the market financial tools.
7. Shareholding investment risk is less than bond holding investment risk.
8. Bank Interest rate in real terms decrease if inflation rate increases.
9. The stock exchange is a market in which securities are issued.
10. Only one type of investment certificate issued by investment fund is traded on the stock exchange.
11. Investment certificates are equity tools
12. Investment certificates are debt instrument.
13. Investment in a company shares give investor the right to share the profits gained by the company.
14. The custody and financial settlement arrangements eliminate operational risk in the secondary market of securities.
15. Portfolio management institutions are not required to avoid conflict of interest with their clients.
16. Investor can seek the service of the brokerage firm to render portfolio investment.