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Which of the Following Statements Is Incorrect

Question 94

Multiple Choice

Which of the following statements is incorrect?


A) The over-the-counter market operates in a fixed location to conduct trades for local stocks.
B) Liquidity is the ease with which an asset can be converted into cash.
C) An initial public offering is an example of a primary market transaction.
D) Money market instruments have maturities of less than one year.

Correct Answer:

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