By the 2000s,an Important Market Change Occurred When Investment Banks

question 196

Multiple Choice

By the 2000s,an important market change occurred when investment banks became significant participants in the secondary market for

• A)mortgages.
• B)Treasury securities.
• C)corporate bonds.
• D)currency.

---

Definitions:

Stock Market

This term refers to the aggregation of buyers and sellers of stocks, which represent ownership claims on businesses, including securities listed on public stock exchanges.

Broker

An individual or firm that acts as an intermediary between buyers and sellers, typically for a commission or fee.

Management

The process of planning, organizing, leading, and controlling resources to achieve specific goals within an organization.

Consumer Surplus

The difference between the total amount that consumers are willing and able to pay for a good or service and the total amount that they actually do pay.