Question

Secondary markets are important because they _____.

		are the market where securities are originally sold
		are the only underwriting market
		make already issued securities more liquid and easier to sell
		eliminate risk

1 points   

QUESTION 9

____ are currecies deposited in banks outside of the home country.

		Domestic currencies
		Eurocurrencies
		Short-time currencies
		All of the above

1 points   

QUESTION 10

Securities are ____ for the firm that sells them.

		dividends
		assets
		liabilities
		assymetric

Answer 1

q8.C.make already issued securities more liquid and easier to sell.

Secondary markets are those where already issued securities are traded for ease in liquidity.

q9:B.Eurocurrencies

Eurocurrencies are currencies deposited in banks outside of the home country.

q10:C.Liabilities

Securities are liabilities for the firm that sells them.

Since a security promises a share in equity capital or an acceptance of debt, it can be said that securities are liabilities for the firm which sells them.