40. Which of the following financial assets might be least likely to have an active secondary market? A. Common stock of a large firm B. Bank loans made to smaller firms C. Bonds of a major,...

40. Which of the following financial assets might be least likely to have an active secondary market?

A. Common stock of a large firm

B.
Bank loans made to smaller firms
C. Bonds of a major, multinational corporation
D. Debt issued by the United States Treasury

AACSB: Reflective Thinking Skills
Bloom's: Understanding
Difficulty: Hard
Learning Objective: 2-3

41. When Patricia sells her General Motors common stock at the same time that Brian purchases the same amount of General Motors stock, General Motors receives:

A. the dollar value of the transaction.
B. the dollar amount of the transaction, less brokerage fees.
C. only the par value of the common stock.

D.
nothing.

AACSB: Reflective Thinking Skills
Bloom's: Understanding
Difficulty: Hard
Learning Objective: 2-3

42. Which of the following financial markets is located in one, centralized location?


A.
NYSE.
B. NASDAQ.
C. the over-the-counter market.
D. the European Monetary Union.