1. The countries that have a poor assurance of investors, financial specialists and banks

privileges by and large have

A. Smaller securities exchanges.

B. Smaller securities exchanges and Less recorded firms and Less IPOs.

C. Smaller securities exchanges, Less recorded firms and Less IPOs, and Less debt

financing for private firms.

D. Less recorded firms and Less IPOs.

2. Michael just bought a share of BHP through an Australia Securities Exchange-based

transaction, he participated in:

A. A primary market transaction.

B. A secondary market transaction.

C. A futures market transaction.

D. A tertiary market transaction.

3. The simplicity with which a security can be sold and changed over into money is called:

A. Convertibility.

B. Book value.

C. Marketability.

D. None of the above.