Which of the following statementsis CORRECT?a. While the distinctions are becoming blurred, investment banks generally specialize in lending money, whereas commercial banks generally help companies raise capital from other parties. b.The NYSE operates as an auction market, whereasNasdaq is an example of a dealer market. c.Money market mutual funds usually invest theirmoney in a well-diversified portfolio of liquid common stocks. d.Money markets are markets for long-term debtand common stocks. e.A liquid security is a security whose valueis derived from the price of some other "underlying" asset.

b.The NYSE operates as an auction market, whereas Nasdaq is an example of a dealer market.

Explanation:

There are major types of market: auction market and dealer market.

Auction market is a type of market where the seller and buyers simultaneously trade the offer price and the bid price for security. The offer price represents the lowest price a seller want for security while the bid price represents the highest price a buyer intends to purchase. The matching of the two prices will make transaction work.

NYSE represents avenue for this type of security trading. It provides platform for buyer and seller to simultaneously trade once the bid price matches the offer price.

On the hand, dealer market is platform whereby many seller or buyers can relay the price at they want to sell or buy a security and any intending seller or buyer can come to the market sell or buy at that price. In a dealer market, there are multiple dealers involves in a trading a security and the market maker provides transparency and liquidity to ensure a smooth running of the market. Nasdaq is a potent example of a dealer market.

So option B is correct.

Other options are contradictory.

two years ago, when picking flowers in the mountains back of yosemite valley, i found a book. it was blotted and storm-beaten; all of its outer pages were mealy and crumbly. the paper seemed to dissolve like the snow beneath which it had been buried, however; many of the inner pages were well preserved. and although all were more or less stained and torn, whole chapters were easily readable. this is the condition of the great open book of yosemite glaciers today; its granite pages have been torn and blurred by the same storms that wasted the castaway book.

two years ago, when picking flowers in the mountains back of yosemite valley; i found a book. it was blotted and storm-beaten, all of its outer pages were mealy and crumbly. the paper seemed to dissolve like the snow beneath which it had been buried, however, many of the inner pages were well preserved. and although all were more or less stained and torn; whole chapters were easily readable. this is the condition of the great open book of yosemite glaciers today, its granite pages have been torn and blurred by the same storms that wasted the castaway book.