Which of the following statements incorrectly describes US securities markets?
A)a capital market comprised of long-term debt and equity issues
B)a money market comprised of short-term debt and equity issues
C)a municipal market comprised of tax-exempt issues of state and local governments
D)a government and agency market comprised of both short-term and long-term debt issues

Question

Quizplus · Accepted Answer

a money market comprised of short-term debt and equity issues. This is the statement that is "incorrect". Equity issues are not traded in the money market, which consists only of high-quality short-term debt securities.

Which of the Following Statements Incorrectly Describes US Securities Markets