Which of the Following Statements Best Describes Financial Markets

Multiple Choice

Which of the following statements best describes financial markets?

A) Capital market transactions involve only the purchase and sale of equity securities, i.e., common stocks.
B) If an investor sells shares of stock through a broker, then this would be an indirect finance transaction.
C) Money market mutual funds have high degree of default risk.
D) Commercial papers have maturities longer than one year.