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John has used $5,000 to buy 100 shares of stock A in the stock market. Which of the following is the function of the financial market used by John? a. liquidity b. transferring money across time C. information d. pooling money from many investors e. none of the above Which of the following statements is correct about the money market and capital market ? a. the money market is the short-term market, but the capital market is the long-term market 6. the money market is the long-term market, but the capital market is the short-term market c. both markets are long-term markets d. both the markets are short-term markets e. None of the above To resolve the agency problem in the classroom, which of the following statements is true? a pay professors flat salaries b. pay professors high salaries c. Ask students to do teaching evaluation in the end of each course d. pay professors low salaries e. None of the above Which of the following is the reason why we cannot use profit to replace the stock price in terms of financial managers objective function? a profit is different from the stock price D: profit has many kinds such as short-term, middle-term or long-term profit c. profit is not as important as the stock price d. profit is not as interesting as the stock price None of the above

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