Please identify if the statements are True or False

7. The Stock Exchange is a centralized secondary market involved in the trading of stocks and bonds. 8. The Securities and Exchange Committee regulates the issuance and trading of financial securities. 9. Money markets exist to help reduce the opportunity cost of holding cash balances. 10. Commercial Banks, Credit Unions and Savings Institutions are deposit taking financial institutions financed largely by customer deposits. 11. The functions of financial institutions include providing delegated monitoring services and increasing information asymmetries between investors and borrowers. 12. Money market instruments include negotiable certificates of deposit, commercial paper, stocks, treasury bills, federal funds, and repurchase agreements.