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Learning Outcome Statements PDF Download
|1. The Functions of the Financial System|
a. explain the main functions of the financial system;
|2. Assets and Contracts|
b. describe classifications of assets and markets;
c. describe the major types of securities, currencies, contracts, commodities, and real assets that trade in organized markets, including their distinguishing characteristics and major subtypes;
|3. Financial Intermediaries|
d. describe types of financial intermediaries and services that they provide;
e. compare positions an investor can take in an asset;
f. calculate and interpret the leverage ratio, the rate of return on a margin transaction, and the security price at which the investor would receive a margin call;
g. compare execution, validity, and clearing instructions;
h. compare market orders with limit orders;
|6. Primary Security Markets|
i. define primary and secondary markets and explain how secondary markets support primary markets;
|7. Secondary Security Market and Contract Market Structures|
j. describe how securities, contracts, and currencies are traded in quote-driven, order-driven and brokered markets;
|8. Well-Functioning Financial Systems|
k. describe characteristics of a well-functioning financial system;
|9. Market Regulation|
l. describe objectives of market regulation.