Which of the Following Statements Concerning Private Placements Is Most

question 70

Multiple Choice

Which of the following statements concerning private placements is most correct?

• A) Private placements do not involve investment bankers.
• B) Although not selling the securities to the public, investment bankers may provide advice on the evaluation of prospective buyers and the terms of sale for private placements.
• C) Private placements are limited to stocks, not bonds.
• D) More than half of all private placements are sold to federal, state, or local governments or government agencies.

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Definitions:

Pairs of Earrings

Not an economic key term, but could be referenced in examples relating to consumer goods or inventory.

AVC

Average Variable Cost, the cost per unit of varying the level of output, exclusive of fixed costs.

TVC

Total Variable Costs, which refers to all variable expenses associated with the production of goods or services.

Formula

A mathematical relation or rule expressed in symbols.