Which of the following statements is CORRECT? a. 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. 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. The NYSE does not exist as a physical location. Rather it represents a loose collection of dealers who trade stock electronically. e. 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.

Capital market is a market or a part of the financial system of a country, which emphasize or help in raising the capital of people and companies in the economy by dealing in different instruments like stocks, shares, bonds and other long term investments.

Long term debts are the loan arrangements which are of the long periods and are available for the people and the companies in the economy to help them grow and boosts the economic activities of the country.

Whereas, stocks are the shares of ownership in a company. People or companies who own the stocks of other companies, share the profits of that company.

So the statement that Capital market instruments include both long-term debt and common stocks, is true.

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