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Which of the following statements is CORRECT? A. While the distinctions are becoming blurred, commercial banks generally specialize in lending money, whereas investment banks generally

Which of the following statements is CORRECT? A. While the distinctions are becoming blurred, commercial banks generally specialize in lending money, whereas investment banks generally help companies raise capital from other parties. B. Money market mutual funds usually invest their money in a well-diversified portfolio of liquid common stocks. C. The NYSE operates as a dealer market, whereas NASDAQ is an example of an auction market. D. Hedge funds are legal in the United States, but they are not permitted to operate in Europe or Asia.

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