plz solve from 8 to 14

8) Financial markets can be categorized as those dealing with newly issued financial claims that are called the and those for exchanging financial claims previously issued that are called the A) secondary market; primary market. B) financial market; secondary market. C) OTC market; NYSE/AMEX market. D) primary market; secondary market. 9) An investment banker may merely act as an advisor and/or distributor of the new security. The function of buying the securities from the issuer is called A) advising. B) distributing. C) purchasing. D) underwriting. 10) For a bond, the higher the yield to maturity. the market price, the A) higher B) less risky C) more safe D) lower 11) The basic economic function of futures markets is to provide a chance for market participants A) to leverage their portfolios to take advantage of known opportunities. B) to diversify their investment portfolios. C) to hedge against the risk of adverse price movements. D) to speculate on price movements so as to realize high returns. 12) In an option contract, the writer of the option grants the buyer of the option the but not the to purchase from or sell to the writer something at a specified price within a specified period of time (or at a specified date). A) obligation; right B) obligation; privilege C) right; obligation D) right; privilege 13) The rate of interest is determined by interaction of the supply and demand functions. As a cost of borrowing and a reward for lending, the rate must reach the point where total supply of savings total demand for borrowing and investment. A) equilibrium; is greater B) minimum; equals C) equilibrium; equals D) minimum; is greater 14) There are options that may be exercised at any time up to and including the expiration date. Such options are referred to as options. Other options may be exercised only at the expiration date; these are called options. A) European; American B) American; Asian C) Asian; European D) American; European