Which of the Following Statements Is CORRECT

question 33

Multiple Choice

Which of the following statements is CORRECT?

• A) The most important difference between spot markets versus futures markets is the maturity of the instruments that are traded. Spot market transactions involve securities that have maturities of less than one year whereas futures markets transactions involve securities with maturities greater than one year.
• B) Capital market transactions involve only preferred stock or common stock.
• C) If General Electric were to issue new stock this year, this would be considered a secondary market transaction since the company already has stock outstanding.
• D) Both Nasdaq dealers and "specialists" on the NYSE hold inventories of stocks.
• E) Money market transactions do not involve securities denominated in currencies other than the U.S. dollar.

---

Definitions:

Human Nature

The inherent characteristics, including ways of thinking, feeling, and acting, that all human beings naturally have.

Moral Arguments

Reasoning that is based on ethical considerations, often discussing what is right and wrong, good and bad.

Descriptive Premises

Statements in an argument that provide factual information or describe the way things are, without making an argument for how things ought to be.

Moral Outrage

Indignation in the presence of an injustice or violation of moral decency.