Which of the followings is NOT correct? A privately held corporation that borrows from a regional commercial bank is an example of a direct market transaction Semistrong efficient market hypothesis states that security prices reflect all public informationbut not all private information Secondary markets are where the owners of outstanding securities can resell them to other investorsThey provide the means for investors to convert their securities into cash The role of the financial system is to gather money from people, businesses and government that have funds to invest and to channel that money to those who need it Without a financial marketpurchasing a house would require a cash purchase