Which of the following statements is CORRECT?

A. The most important difference between spot markets versus futures markets is the maturity of the instruments that are traded. Spot market transactions involve securities that have maturities of less than one year whereas futures markets transactions involve securities with maturities greater than one year. B.... show more A. The most important difference between spot markets versus futures markets is the maturity of the instruments that are traded. Spot market transactions involve securities that have maturities of less than one year whereas futures markets transactions involve securities with maturities greater than one year.
B. Capital market transactions involve only preferred stock or common stock.
C. If General Electric were to issue new stock this year, it would be considered a secondary market transaction since the company already has stock outstanding.
D. Both Nasdaq dealers and �specialists� on the NYSE hold inventories of stocks
E. Money market transactions do not involve securities denominated in currencies other than the U.S. dollar.
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