Questions: Question 14 (Mandatory) (2 points) Interest rates generally vary with the term of the debt. The relationship is known as the maturity structure of interest rates. True False Question 15 (Mandatory) (2 points) The initial sale of a security is a primary market transaction. Subsequent sales between investors are in the secondary market. True False

Question 14:
The answer is True: Interest rates generally vary with the term of the debt. The relationship is known as the maturity structure of interest rates.
Explanation: The maturity structure of interest rates, also known as the term structure, describes how interest rates change with different maturities. Typically, longer-term debts have higher interest rates due to the increased risk and uncertainty over time.

Question 15:
The answer is True: The initial sale of a security is a primary market transaction. Subsequent sales between investors are in the secondary market.
Explanation: In financial markets, the primary market is where new securities are issued and sold for the first time, often through initial public offerings (IPOs). Once these securities are issued, they can be bought and sold among investors in the secondary market, which includes stock exchanges and over-the-counter markets.