Please answer the multiple choices

7.Which of the following statements is true?

a.Assessable income may be increased by allowable deductions.

b. Assessable income equals taxable income plus legitimate deductions.

c.Both a and b

d.None of the above

8.Which of the following is a discount security and is traded in the money market?

a.A share

b.A debenture

c.A commercial bill

d.

A corporate bond9.Which of the following is not a role of financial markets?

a.Bringing together potential lenders and borrowers

b. Facilitating business and trade

c. Pricing commodities

d. Facilitating savings

10.Which of the following is not a way in which secondary markets support primary markets?

a. Providing liquidity for holders of issued securities

b.Facilitating risk management

c.Providing a price-discovery mechanism for primary markets when new issues are contemplated

d. Underwriting new issues of securities

11.Price discovery is best defined as:

a.the fair value of an investment

b.the process of finding and settling on a price which is acceptable to both parties to a transaction

c.the matching of buyers and sellers

d. the process of setting a price in an underwriting