If the principal is unidentified, the agent cannot be liable on a contract

____________ markets are where debt securities with maturities of one year or less are issued and traded.

a. Money b. Capital c. Primary d. Secondary

The net asset value (NAV) of a mutual fund is the total value of the securities it owns (minus any liabilities) divided by the number of shares issued by the fund

Indicate whether the statement is true or false.