Answer the following statements true (T) or false (F)
1. Financial markets exist as a vast global network of individuals and financial institutions that may be lenders, borrowers, or owners of public companies worldwide.
2. Money markets refer to those markets dealing with short-term securities having a life of one year or less.
3. Money markets refer to markets where excess corporate cash is exchanged for foreign currencies that can earn a higher return than domestic money.
4. Capital markets refer to those markets dealing with short-term securities that have a life of one year or less.
5. The primary market includes the sale of securities by way of initial public offerings.
1. TRUE
2. TRUE
3. FALSE
4. FALSE
5. TRUE
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