Securities dealers that trade stocks and bonds ________ comprise the over-the-counter market.
A) valued at less than 1 each B) outside exchanges
C) directly instead of electronically D) that have previously been sold
Question 2
China began pegging its currency, the yuan, to the dollar in 1994. Because the yuan was ________ at the pegged exchange rate, the level of Chinese exports remained ________ than they would have been if the exchange rate were allowed to float freely.
A) overvalued; lower B) overvalued; higher
C) undervalued; higher D) undervalued; lower