Intermediaries who link buyers and sellers by buying and selling securities at stated prices are called

A. A corporations stock is traded in an over-the-counter market.

B. People buy shares in a mutual fund.

C. A pension fund manager buys commercial paper in the secondary market.

D. An insurance company buys shares of common stock in the over-the-counter markets.

E. None of the above

A. they allow funds to move from those without productive investment opportunities to those who have such opportunities.

B. they allow consumers to time their purchases better.

C. they weed out inefficient firms.

D. they do all of the above.

E. they do A and B of the above

A. investment bank.

B. commercial bank.

C. stock exchange.

D. brokerage house.

A. A corporations stock is traded in an over-the-counter market.

B. A corporation buys commercial paper issued by another corporation.

C. A pension fund manager buys commercial paper from the issuing corporation.

D. Both A and B of the above.

E. Both B and C of the above

A. which firms are more likely to obtain funds from banks and other financial intermediaries, rather than from the securities markets.

B. why indirect finance is more important than direct finance as a source of business finance.

C. why direct finance is more important than indirect finance as a source of business finance.

D. only A and B of the above.

E. only A and C of the above

A. poorly informed consumers.

B. standardization.

C. economies of scale.

D. their market power