Which of the following statements are TRUE? 8 Multiple Choice 94 pints The maturity of a security is the length of time to the security's expiration date. AUS. Treasury bill has a maturity of one year or less. A share of stock has no maturity O All of the above statements are true. O Only A and B above When financial markets work well they 9 Multiple Choice 2.94 points Skipped transfer savings from more valuable to less valuable uses transfer savings from less valuable to more valuable uses O transfer risk from those less willing to bear risk to those more willing to bear risk band care both true Which of the following statements is correct? 18 Multiple Choice 2.94 points O Government deficits are stock variables. O Government surpluses are flow variables O The national debt is a flow variable a and c Investment banks 21 Multiple Choice 2.94 Doints Skipped O accept deposits and make loans assist corporations in issuing new stocks and bonds O O are financial intermediaries O all of the above are correct