5. Explain how the financial markets complement the banking system in the
process of financial intermediation? Identify two types of financial markets and
explain their importance in the process of financial intermediation.
Because they channel funds from
1. Spirited Away was created without a script
Despite having a rich plot with developed characters, Spirited Away was not made with a
script. In fact, Miyazakis films never had scripts. I don't have the story finished and ready
Investor can convert their investment into cash quickly at low cost
Allows investor to redeem at any time and any amount
Some funds designed especially to meet shot-term transaction requirements
FIN 2024 Financial Institutions and Markets
Tutorial 7 Why do financial institutions exist?
1. In a world without information and transaction costs, financial intermediaries would
not exist. Is this statement true, false, or uncertain? Explain your answer
ACC 2024 Cost Accounting
Distinguish between the features of hourly rate and
Specify procedures for controlling labour costs and
BAB 2207 Banking & Finance/ FIN 2024 Financial Institutions and Markets
Tutorial 10 The Mutual Fund Industry (Non-Bank (1)
1. Considering the discussion on market efficiency, discuss whether you should be
willing to pay high fees to mutual fund investment
Chapter 3: Language and Meaning (Revision notes)
What is language?
Language is a collection of symbols, letters, or words with arbitrary meanings that
are governed by rules and used to communicate.
Language has rules:
Language is a code, a collection of
Allocate all manufacturing costs to products, and to value unsold inventories at their
total cost of manufacture (VMC/unit + FMC/unit).
Nom-manufacturing costs were not allocated to the products but were charged
directly to the pr