1. A private market is a market in which

A) transactions are worked out directly between two parties.

B) standardized contracts are traded on organized exchanges.

C) corporations raise capital by issuing new securities.

D) securities and other financial assets are traded among investors after they have been issued by corporations.

2. The exchange rate in terms of U.S. dollars is the

A. dollar cost of a foreign currency.

B. supply of foreign goods.

C. interest rate for foreign currency.

D. trade surplus or deficit.