Untitled2_39 - Chapter 2 Introduction to financial systems...

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bid-ask spread bonds borrower-spenders brokers brokered markets building societies callable bonds capital markets commercial banks common stocks contractual savings institutions convertible bonds corporate bonds coupon bonds credit unions dealers debt instruments default risk premium depository institutions direct finance economic function equity Eurobonds finance companies financial intermediaries financial markets floating rate bonds foreign bond Government bonds Government notes index-linked bond indirect finance insurance companies interest rate term structure investment banks investment intermediaries lender-savers limit orders long-term credit banks market makers money markets market orders money market securities municipal bonds mutual and cooperative banks mutual funds order-driven markets ordinary banks organised exchanges over-the-counter markets pension funds perpetual bonds preferred stocks primary markets puttable bonds quote-driven dealer markets retail banks savings banks
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