True and false except for number 7

6.)The prime rate is the interest rate banks charge their best customers, and is 3% above the Federal Funds rate..

7.)Capital markets are market for

A.For financial assets with a maturity of less then one year

B.For financial assets with a maturity ofmorethen one year

C.For use in cash transactions

D.For use in foreign exchange transactions

8.)If a firm's board of directors wants to maximize value for its stockholders in general (as opposed to some specific stockholders), it should design an executive compensation system whose goal is to maximize the stock's intrinsic value rather than the stock's current market price.

9.) IPO stands for initial public offering and is usually handled by investment banks.

10.)The Federal Funds Rate is influenced by the FOMC and is currently 2.25%.

*need a response within 3 hours