(I)There Are Two Types of Exchanges in the Secondary Market

question 70

Multiple Choice

(I) There are two types of exchanges in the secondary market for capital securities: organized exchanges and over-the-counter exchanges.
(II) When firms sell securities for the very first time,the issue is an initial public offering.

• A) (I) is true, (II) false.
• B) (I) is false, (II) true.
• C) Both are true.
• D) Both are false.

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