Well-functioning financial markets promote 13 2.94 points Multiple Choice Skipped O inflation. deflation O unemployment growth Which of the following statements is correct? 18 Multiple Choice 2.94 points Skipped Government deficits are stock variables. O Government surpluses are flow variables The national debt is a flow variable a and c Investment banks 21 Multiple Choice 2.94 points Skipped accept deposits and make loans assist corporations in issuing new stocks and bonds O are financial intermediaries all of the above are correct When borrowers borrow in financial markets, they do so by: 22 Multiple Choice 2.94 points 0 Issuing securities, which then become their liabilities o Buying securities, which then become their liabilities. O Issuing securities, which then become their assets. Buying securities, which then become their assets. 23 A financial market in which previously issued securities can be resold is called a market. 2.94 points Multiple Choice primary O O secondary tertiary used securities