PLEASE ANSWER

Chapter b Multiple Choice 02-022, Section b Multiple Choice 02-022, Which of the following statements is CORRECT? If your uncle In New York sold 100 shares of Microsoft through his Broker to an investor in Los Angeles, this would Be a primary market transaction. The NYSE does not exist as a physical location. Rather It represents a loose collection of dealers who trade stock electronically. Capital market instruments Include both long-term debt and common stocks. An example of a primary market transaction would be your uncle transferring 100 shares of Walmart stock to you as a birthday gift. While the two frequently perform similar functions. Investment banks generally specialize In lending money, whereas commercial banks generally help companies raise large blocks of capital from investors