Which of the Following Statements Is CORRECT

Multiple Choice

Which of the following statements is CORRECT?

A) The NYSE does not exist as a physical location.Rather it represents a loose collection of dealers who trade stock electronically.
B) An example of a primary market transaction would be your uncle transferring 100 shares of Walmart stock to you as a birthday gift.
C) Capital market instruments include both long-term debt and common stocks.
D) If your uncle in New York sold 100 shares of Microsoft through his broker to an investor in Los Angeles,this would be a primary market transaction.
E) While the two frequently perform similar functions,investment banks generally specialize in lending money,whereas commercial banks generally help companies raise large blocks of capital from investors.