1) A liquid asset is
A) an asset that can easily and quickly be sold to raise cash.
B) a share of an ocean resort.
C) difficult to resell.
D) always sold in an over-the-counter market.
2) The higher a security\"s price in the secondary market the ________ funds a firm can raise by selling securities in the ________ market.
A) more; primary
B) more; secondary
C) less; primary
D) less; secondary
3) When secondary market buyers and sellers of securities meet in one central location to conduct trades the market is called a(n)
A) exchange.
B) over-the-counter market.
C) common market.
D) barter market.
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