(I)There Are Two Types of Exchanges in the Secondary Market

Multiple Choice

(I) There are two types of exchanges in the secondary market for capital securities: organized exchanges and over-the-counter exchanges.
(II) When firms sell securities for the very first time,the issue is an initial public offering.

A) (I) is true, (II) false.
B) (I) is false, (II) true.
C) Both are true.
D) Both are false.