^{Municipal bonds are sold by state and local governments.}

True

False

The EU is regulated by the SEC.

True

False

Stocks and bonds are traded in money markets all over the world.

True

False

The NYSE and NASDAQ are both stock markets.

True

False

Households are a major supplier of funds for invesment in a three-sector economy.

True

False

The NYSE and NASDAQ are both capital markets.

True

False

^{The NYSE and NASDAQ are both money markets.}

True

False

There is weak evidence that markets are efficient.

True

False

There is strong evidence to suggest that markets are efficient.

True

False

Insider trading contradicts the efficient market hypothsis.

True

False

Equity financing involves the sale of stock to raise capital.

True

False

Debt financing involves the sale of bonds to raise capital.

True

False

A corporation will have more shares of stock outstanding after an IPO than before.

True

False

A corporation is likely to have less debt on its balance sheet after an LBO than before.

True

False

Given an annual interest payment of X, market price of Y, and par value of Z, bond would have a coupon rate of X / Z.

True

False

Given an annual interest payment of X, market price of Y, and a par value of Z, bond would have a current rate of Y / Z.

True

False

Zero coupon bonds pay no interest at all.

True

False