1. How does a cost-efficient capital market help reduce the prices of goods and services?

2. Describe the different ways in which capital can be transferred from suppliers of capital to those who are demanding capital.

3. Is an initial public offering an example of a primary or a secondary market transaction? Explain.

4. Differentiate between dealer markets and stock markets that have a physical location.

5. Briefly explain what is meant by the term efficiency continuum.