1. Retained earnings represents:

A. money paid to owners, stockholders, and executives.

B. funds a company can draw on in time of need.

C. profits that have been re-invested in the company.

D. income the government holds in trust for the company.

2. The over-the-counter market differs from the New York Stock Exchange in that:

A. the stocks, although publicly traded, are not listed on an exchange.

B. only relatively small companies are traded because larger companies are required to be traded on exchanges.

C. NASDAQ quotations apply only to smaller, less capitalized firms.

D. All of the above