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Financial market and institutions
1.
Financial markets
and Institutions Required Reading: Mishkin, Chapter 1 and Chapter 2
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3.
AN OVERVIEW OF
FINANCIAL SYSTEM
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Valuing a Bond
Price of a bond is the sum of the discounted future cash flows.
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Financial Intermediaries Contractual
savings Institutions Investment Intermedaries Depository Institutions Commercial Bank Mutual Funds (Investment Funds) Finance Companies Pension Funds Credit Unions Insurance Companies Savings and Loans Associations (S&L) Mutual Saving Banks Money market Mutual Funds Specialized Banks
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