(I)The Primary Issuers of Capital Market Securities Are Federal and Local

question 32

Multiple Choice

(I) The primary issuers of capital market securities are federal and local governments,and corporations.
(II) Governments never issue stock because they cannot sell ownership claims.

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

---

Definitions:

Continuous Random Variable

A random variable that can take any value in a continuum or uncountable range.

P(x > a)

The probability that a random variable x will take a value greater than a specified number a.

P(x < a)

This notation represents the probability that a random variable x is less than some value a.

Random Variable

A variable whose values depend on outcomes of a random phenomenon.