Last year in March 2020 when the pandemic was growing, the Federal Reserve ("The Fed") held an extraordinary meeting and lowered the federal tunds rate by 1% which was the largest emergency reduction in the Fed's more than 100-year history If you were holding Treasury bonds, the most likely effect on your holding was A Capital appreciation B. Capital depreciation C. Income increase Income decrease E. None of the above Which of the following best describes being long or short a bond? A. The issuer is long a bond because the issuer has issued it. B. The holder is long a bond because the holder is holding it. C. The issuer is short a bond because the issuer is holding it. D. The holder is short a bond because the holder has issued it. E. None of the above. Which one of these is a financial instrument that is not negotiable? A. a certificate for ten shares in a stock. B. one coupon certificate from a corporate bond. C. a cheque made out to "cash - bearer". D. a gift card valid at Walmart. E. a car insurance certificate. Which of these is a primary market transaction? A. Apple pays a dividend to its shareholders. B. Betty sells her shares in Apple to Charlie. C. Charlie purchases Apple shares on the stock exchange. D. Diana purchases bonds from Apple. E. Edward donates his Apple bonds to charity