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Which of the following is true of a securities exchange? A. It is an association of banks who meet to buy and sell stocks and
Which of the following is true of a securities exchange? A. It is an association of banks who meet to buy and sell stocks and bonds. B. It serves as an intermediary by channeling the savings of individuals, businesses, and governments into loans or investments. C. It borrows funds directly from the financial institutions. D. It provides a marketplace in which firms can raise funds through the sale of new securities and purchasers can resell securities
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