When Carvana sold stock to the public in its IPO, it did so through the New York Stock Exchange. People who bought the shares
A) were promised to be repaid their investment plus interest.
B) did so in the indirect finance market.
C) own part of the company.
D) All of the above are true.
Answer: C
Economics
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According to the liquidity premium theory, a steep yield curve may be an indicator of
A) expectations of a significant increase in inflation. B) an upcoming recession. C) an economic slowdown. D) lower future short-term interest rates.
Economics
Which of the following grew rapidly during the years following the passage of the Medicare and Medicaid programs?
a. the share of healthcare expenditures financed by third parties b. the prices of healthcare relative to the prices of other goods and services c. expenditures on healthcare as a share of the economy d. all of the above
Economics