Primary Markets- Markets in which users of funds (e.g., corporations) raise funds through new
issues of financial instruments, such as stocks and bonds.
Secondary Markets- markets that trade financial instruments once they ar
Chapter 18 Question
1. A private pension fund is administered by a private corporation while public pension
funds are administered by a federal, state or local government.
2. An insured pension fund is administered by a life insurance company while a noni
Student Loan Debt
If you receive a federal student loan, you will be required to repay that loan with interest. It is
important that you understand how interest is calculated and the fees associated with your loan.
Both of these factors will impac
Financial Institutions and Markets
In the United States, we hold elections to vote for and select candidates to fill numerous
positions in government. A midterm election is a vote that does not coincide with a presidential