The conflict between the goals of a firm's owners and the goals of its nonowner manager is: A. the agency problem B. incompatibility C. serious only when profits decline D. of little importance in large Jamaican firms Which of the following is the major function of a financial market? A. It determines the level of interest rates. B. It allows common stock to be traded. C. It allows loans to be made. D. It channels funds from lenders-savers to borrowers-spenders. Most dealers in the over-the -counter market are: A. traders on the stock exchange floor B. traders of only one security C. connected to a computer network called NASDAQ D. member of an insider group The money market is the market in which are traded. A. new issues of securities B. previously issued securities C. short-term debt instruments D. long-term debt and equity instruments