FIN 534 MIDTERM EXAM
The New York securities market is associate degree auction market with a physical location.
Capital market transactions involve only the purchase and sale of equity securities, i.e., common stocks.
If an capitalist sells shares of stock through a broker, then this would be a primary market transaction.
Consumer automobile loans square measure proved by legal documents referred to as “promissory notes,” and these individual notes are listed in the market.
While the distinctions square measure blurring as investment banks square measure these days shopping for industrial banks, and vice versa, investment banks generally specialize in loaning cash, whereas commercial banks usually facilitate firms raise capital from alternative parties.
