The "new issues market" -- where first-time security issues are offered for sale -- is called the secondary market.

The "new issues market" -- where first-time security issues are offered for sale -- is called the secondary market.

Answer: False

The role of financial markets is to bring savers and users of funds together at the least possible cost and inconvenience.

The role of financial markets is to bring savers and users of funds together at the least possible cost and inconvenience.

Answer: True

A security is an instrument that represents a financial liability to the holder and a financial asset to the issuer.

A security is an instrument that represents a financial liability to the holder and a financial asset to the issuer.

Answer: False

A corporation is a "legal person" that can be sued.

A corporation is a "legal person" that can be sued.

Answer: True