QUESTION 2

In an Initial Public Offering the issuing entity will receive the fund proceeds.

True

False

QUESTION 3

In the secondary market both the issuing company and investor receive funds.

True

False

QUESTION 4

One function of an investment banker is to provide underwriting services.

True

False

QUESTION 5

Only a full service broker can buy and sell securities.

True

False

QUESTION 6

A corporation is legally obligated to repay bonds that it has issued.

True

False

QUESTION 7

The value of derivative securities is linked to the value of another security or something else of value.

True

False

QUESTION 8

An insurance company would not be considered a financial institution.

True

False