Which of the following statements is CORRECT a While the distinctions are

Question

Which of the following statements is CORRECT?

a. While the distinctions are becoming blurred, investment banks generally specialize in lending money, whereas commercial banks generally help companies raise capital from other parties.

b. The NYSE operates as an auction market, whereas NASDAQ is an example of a dealer market.

c. Money market mutual funds usually invest their money in a well-diversified portfolio of liquid common stocks.

d. Money markets are markets for long-term debt and common stocks.

e. A liquid security is a security whose value is derived from the price of some other "underlying" asset.

Answer

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