What is a secondary market?
A) a market where factory seconds and damaged merchandise are sold
B) a market where newly issued bonds are sold to initial buyers by the borrowing firm
C) a market where a newly issued stocks are sold to initial buyers by the borrowing firm
D) a market where you can sell any stocks you own as a private investor
Answer: D
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Which of the following is a stock variable?
a. Saving b. Consumption c. Income d. Investment e. Money
Table 21.4Output (Units per Day)Total Cost (Dollars per Day)016130242358478At 4 units of output in Table 21.4, the total variable cost is
A. $5.00. B. $19.50. C. $20.00. D. $62.00.
Which of the following people would be considered unemployed?
A. Edna, who lost her job as a teacher and is currently searching for a new job B. Homer, who lost his job at the power plant and is not looking for work C. Abe, who is retired D. Lenny, who is working part time at a fast food restaurant
Suppose you withdraw $1,000 from your savings account and put it under your mattress. Briefly explain how this will affect M1 and M2
What will be an ideal response?