Which statement is FALSE regarding the trading of securities and bonds in the U.S. and other markets? I. Prior to 1970, the securities traded in the U.S. stock and bond markets comprised about 65% of all the securities available in world capital markets II. By 1998, U.S. bonds and equities accounted for 42.3% of the total securities market versus 47.3% for nondollar bonds and stocks III. If you consider only the stock and bond market, the U.S. proportion of this combined market is 47% in 1998. Explain your correct answer.
Which statement is FALSE regarding the trading of securities and bonds in the U.S. and other markets? I. Prior to 1970, the securities traded in the U.S. stock and bond markets comprised about 65% of all the securities available in world capital markets II. By 1998, U.S. bonds and equities accounted for 42.3% of the total securities market versus 47.3% for nondollar bonds and stocks III. If you consider only the stock and bond market, the U.S. proportion of this combined market is 47% in 1998. Explain your correct answer.
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Which statement is FALSE regarding the trading of
securities and bonds in the U.S. and other markets?
I. Prior to 1970, the securities traded in the U.S. stock and bond
markets comprised about 65% of all the securities available in world
capital markets
II. By 1998, U.S. bonds and equities accounted for 42.3% of the total
securities market versus 47.3% for nondollar bonds and stocks
III. If you consider only the stock and bond market, the U.S.
proportion of this combined market is 47% in 1998.
Explain your correct answer.
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