Which of the following statements is most FALSE? A. Spot markets are markets in which assets are bought or sold for delivery within a few days. B. Once a stock has been issued and is now being traded among investors, it is said to be on the primary market. C. Money markets deal with financial securities that have a maturity of less than one year. D. An investment bank distributes new stock or bond issues. E. Hedge funds are less regulated than mutual funds.

Which of the following statements is most FALSE? A. Spot markets are markets in which assets are bought or sold for delivery within a few days. B. Once a stock has been issued and is now being traded among investors, it is said to be on the primary market. C. Money markets deal with fnancial securities that have a maturity of less than one year: D. An investment bank distributes new stock or bond issues. E. Hedge funds are less regulated than mutual funds