Chapter 1, Problem 6LO

To determine

The approach towards teaching money, banking and financial markets

Concept Introduction:

Financial Markets- It refers to the market of financial securities and derivatives. It is the place where equities, bonds, currencies and derivates are traded.

Financial Institutions- These are the financial intermediaries between the lenders and the borrowers. It is an establishment that deals in financial and monetary transactions like creating deposits, giving loans and investments. Banks, insurance companies and mutual funds are all examples of the financial institutions.