Untitled2_40 - 4. Explain how securities firms differ from...

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markets, organised versus over-the-counter markets, quote-driven dealer markets, order-driven markets and brokered markets). Sample examination questions 1. What is a financial system? Frame your answer both in a structural and in a functional perspective. 2. What is the primary function of depository institutions? How does this function compare with the primary function of insurance companies? 3. What is a mutual fund? What are the differences between short-term and long-term mutual funds? Where do mutual funds rank in terms of asset size among all financial intermediaries in the USA?
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Unformatted text preview: 4. Explain how securities firms differ from investment banks. Which categories of firms are there in this industry? In what way are they financial intermediaries? 5. What distinguishes stocks from bonds? What are the differences with reference to the risk/return relationship? 6. Because corporations do not actually raise any funds in secondary markets, they are less important to the economy than primary markets. Comment. 7. Illustrate some examples of globalisation of the financial markets around the world. 24 Principles of banking and finance 34...
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This note was uploaded on 09/23/2009 for the course BUSI 101 taught by Professor Wormer during the Spring '08 term at Acton School of Business.

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