Question

The New York Stock Exchange is considered to be a “virtual” exchange   T            F

as opposed to a physical exchange.

. Many people argue that the corporate form of business is the business      T           F          

      type most responsible for our standard of living

7. Money is anything that is generally accepted as a means of payment.       T            F

          8. Liquidity is the ease with which an item can be converted into cash.        T           F

          

  

         

           9. The group of brokerage firms assembled to sell a firm’s IPO is               T             F

                 referred to as a network.                                                               

                           

     

10. An important duty of the investment banker is to determine the highest   T          F

        price that the IPO shares should be sold for.

Answer 1

As per rules I will answer the first 4 sub parts of the question

1. False

(NYSE is partly virtual and partly physical)

2. True

(Corporations have made possible supply of goods from different parts of the world. They have created globalization and movement of people from one country to another thus changing the way of living of people)

3.True

(Money refers to anything that is accepted as payment for goods and services)

4. True

(Liquidity refers to the ease with which assets can be converted into cash.Thus if the assets such as inventory can be easily sold it is considered liquid. Fixed assets such as building cannot be easily sold and hence is considered less liquid.