Which of the following statements concerning private placements is MOST correct?
A) Private placements do not involve investment bankers.
B) More than half of all private placements are sold to federal, state, or local governments or
government agencies.
C) Although not selling the securities to the public, investment bankers may provide advice on
the evaluation of prospective buyers and the terms of sale for private placements.
D) Private placements are limited to stocks, not bonds.
Question 2
Carolyn is considering the purchase of a large (60-foot) boat. She called her insurance agent to see if she needs a separate policy for the boat.
The agent said that a special category of insurance policies was designed to insure large watercraft. These policies are called
A) yacht insurance policies.
B) flood insurance policies.
C) floater policies.
D) Dwelling Property 3 (special form) policies.
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