[简答题] The secondary market is where new issues of stocks and bonds are introduced.

[简答题] About half of new equity issues are preferred stock.

[简答题] Currently, over 80% of the new issues in the international bond market are Eurobonds.

[单选题] In a ________, new issues of a security are sold to buyers by the corporation or government agency ultimately using the funds.
A. primary market
B. secondary market
C. capital market
D. money market

[单选题] In a primary market, ________ sell new issues of securities; in a secondary market, ________ assist in trading previously issued securities.
A. securities dealers; securities brokers
B. securities brokers; securities dealers
C. investment banks; securities brokers and dealers
D. securities brokers and dealers; investment banks

[单选题] - Where are you from?
- I ________ New Zealand.
A. am from
B. came from
C. comes from
D. from

[简答题] The capital market is a financial market in which only short-term debt instruments (generally those with an original maturity of less than one year. are traded.

[单选题] Which of the following are secondary markets?
A. The New York Stock Exchange
B. The U.S. government bond market
C. The over-the-counter stock market
D. The options markets
E. All of the above

[单选题] The money market is the market in which ________ are traded.
A. new issues of securities
B. previously issued securities
C. short-term debt instruments
D. long-term debt and equity instruments

[单选题] The buyers of private placement issues are most likely to be ________.
A. insurance companies
B. pension funds
C. investment banks
D. all of the above
E. only A and B of the above

[单选题] Market timing
A. takes advantage of time differences between the east and west coasts of the United States.
B. takes advantage of arbitrage opportunities in foreign stocks.
C. takes advantage of the time lag between the receipt and execution of orders.
D. is discouraged by the stiff fees mutual funds charge every investor for buying and then selling shares on the same day.

[简答题] When a firm issues stock for the first time in an initial public offering, it is difficult for an investment bank to determine what the correct price should be.

[多选题]Concerning the issues that a treaty may be inconsistent with prior treaties, which statements about the application of treaties are correct?
A. When a treaty specifies that it is subject to an earlier treaty, the provisions of the earlier treaty prevail.
B. When a treaty specifies that it is subject to a later treaty, the provisions of the later treaty prevail.
C. When all the parties to the earlier treaty are parties also to the later treaty, the earlier treaty applies only to the extent that its provisions are compatible with those of the later treaty.
D. When the parties to the later treaty do not include all the parties to the earlier one, as between a state party to both treaties and a state party to only one of the treaties, the treaty to which both states are parties governs their mutual rights and obligations.

[单选题] Money market instruments
A. are usually sold in large denominations.
B. have low default risk.
C. mature in one year or less.
D. are characterized by all of the above.
E. are characterized by only A and B of the above.

[单选题] Money market transactions
A. do not take place in any one particular location or building.
B. are usually arranged purchases and sales between participants over the phone by traders and completed electronically.
C. are both A and B of the above.
D. are none the the above.

[单选题] ________ issues participation certificates, and ________ provides federal insurance for participation certificates.
A. Freddie Mac; Freddie Mac
B. Freddie Mac; Ginnie Mae
C. Ginnie Mae; Freddie Mac
D. Ginnie Mae; Ginnie Mae
E. Freddie Mac; no one

[单选题] Financial market activities affect
A. personal wealth.
B. spending decisions by individuals and business firms.
C. the economy's location in the business cycle.
D. all of the above.

[单选题] Capital market trading occurs in
A. the primary market.
B. the secondary market.
C. both A and B of the above.
D. none of the above.

[单选题] Late trading and market timing
A. allow large, favored investors in a mutual fund to profit at the expense of other investors in the fund.
B. hurt ordinary investors by increasing the number of fund shares and diluting the fund's net asset value.
C. are both A and B of the above.
D. are none of the above.

[单选题] Every financial market performs the following function:
A. It determines the level of interest rates.
B. It allows common stock to be traded.
C. It allows loans to be made.
D. It channels funds from lenders-savers to borrowers-spenders.