Summary of the Chapter 本章要点
Types of Financial Instruments
1.Original financial instrument vs. derivative financial instrument
2.Debt instrument vs. equity instrument
3 Money market instrument vs. capital market instrument
Types of Financial Market
1.Money market & capital market
2.Primary market & secondary market
3.Domestic financial market & international financial market
Instruments of Money Markets
1.Treasury bills
2. Negotiable certificate of deposit (NCD)
3.Commercial paper
4.Banker's acceptance
5.Repurchase agreements
6.Federal fund
7.Eurodollars
8.Money market mutual fund
Instruments of Capital Market
1. Bonds
2. Stocks
3. Mortgages
4. Mutual fund
Financial derivatives Markets
1. Forward
2. Futures
3. Option
4. Swap

