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Which of the following statements is correct? a. An IPO is an example of a primary market transaction. b. Money markets are subject to wider
Which of the following statements is correct?
a. | An IPO is an example of a primary market transaction. | |
b. | Money markets are subject to wider price fluctuations and are therefore more risky than capital market instruments. | |
c. | A direct transfer of funds is more efficient than using financial institutions. | |
d. | The market segmentation theory argues that different investors have different risk preferences, which determine the shape of the yield curve. |
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