Which of the following is a difference between primary and secondary capital markets（） A: Primary capital markets relate to the sale of new issues of bonds, preferred, and common stock, while secondary capital markets are where securities trade after their initial offering. B: Primary markets are where stocks trade while secondary- markets are where bonds trade. C: Both primary and secondary markets relate to where stocks and bonds trade after their initial offering.

Which of the following are NOT traded in a capital market? () A: government agency securities B: state and local government bonds C: repurchase agreements D: corporate bonds

Which of the following is the liability business of commercial Banks? A: issuance of large negotiable certificates of deposit B: cash on hand C: buying government bonds D: agent payment

One argument against businesses championing social responsibility issues is that businesses already have too much power.

(I) Prices of longer-maturity bonds respond more dramatically to changes in interest rates. (II) Prices and returns for long-term bonds are less volatile than those for short-term bonds.