Question 3a)

In the ____ market, the firm receives the proceeds from the sale of its securities

	over-the-counter
	secondary

	fully integrated
	none of the above

Question 3b)

Financial intermediaries are associated with

	investment banks.
	direct transfers.

	indirect transfers.
	only money market transactions.

b and c

Question 3c)

Money markets deal in securities having maturities of ____; capital market securities have maturities ____.

	less than 18 months, greater than 18 months
	one year or less, greater than one year

	less than 9 months, greater than 9 months
	less than 6 months, greater than 6 months

Question 3d)

Which is not an example of a capital market security?

	common stock
	a 30 day treasury bill

	corporate bonds
	preferred stock

none of the above