a) Which statement is FALSE regarding the trading of securities and bonds in the U.S. and other markets? I. Prior to 1970, the securities traded in the U.S. stock and bond markets comprised about 65%...

Kindly give a full detailed explanation of the reason. With illustrated examples.

Thank you

Extracted text: a) Which statement is FALSE regarding the trading of securities and bonds in the U.S. and other markets? I. Prior to 1970, the securities traded in the U.S. stock and bond markets comprised about 65% of all the securities available in world capital markets II. By 1998, U.S. bonds and equities accounted for 42.3% of the total securities market versus 47.3% for nondollar bonds and stocks II. If you consider only the stock and bond market, the U.S. proportion of this combined market is 47% in 1998. Explain your correct answer.