QUESTION 9

The value of US equity is larger than the value of US debt.

True

False

2 points

QUESTION 10

Seasoned new issues take place in the ______________ market.

		Primary
		Secondary
		Tertiary
		Quaternary

2 points

QUESTION 11

Apple, a company that is already publicly traded, issues new shares of stock. This is an example of a _______________.

		Initial Public Offering (IPO)
		Secondary Public Offering (SPO)
		Seasoned New Issue (SNI)
		Nonprimary Market Offering (NMO)

2 points

QUESTION 12

Which type of exchange maintains a physical location where specialized dealers buy and sell stocks to authorized agents/brokers?

		Organized
		Fully Automated
		Over-The-Counter
		None of the above