(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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Definitions:

Independent Variable

The variable that is manipulated in an experiment to test its effects on the dependent variable.

Review Session

A meeting or period devoted to recapping and discussing content previously covered, often used as preparation for exams or to ensure understanding.

Independent Variable

In an experiment, this is the element that is intentionally varied or adjusted by the scientist to determine its influence on the dependent variable.

Dependent Variable

The variable in an experiment that is expected to change as a result of manipulations of the independent variable.