2022 CFA Level I Exam: Study Session 11. Equity Investments (1) - Reading 33. Market Organization and Structure

Before you order, simply sign up for a free user account and in seconds you'll be experiencing the best in CFA exam preparation.

	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;
	4. Positions 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;
	5. Orders 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.

Thanks again for your wonderful site ... it definitely made the difference.

No flashcard found. Add a private flashcard for the reading.