List the four classifications of financial markets. Explain the four characteristics of financial markets. Financial intermediaries Identify three major categories of financial intermediaries. Explain why and how the government regulates financial markets. Interest rates List three methods of measuring interest rates.
Balance sheet Explain the purpose of a bank's balance sheet.
List some assets and liabilities that make up a bank balance sheet. Name several methods that can be used by banks to manage their assets and liabilities profitably. Nonbank financial institutions Describe the purpose and general structure of pension plans. List the types and purpose of finance companies, mutual funds, investment brokers, and insurance companies. Technology Explain how technological changes have resulted in financial innovations.