Study Questions
2–1. In Regardless of Your Major: Defined Benefit vs. Defined Contribution Retirement Plans on page 20, two types of pension plans are discussed. Describe each. Which type is now the dominant type in use?
2–2. What are the three principal sets of players that interact in the financial markets?
2–3. What is a financial intermediary? List and describe the principal types of financial intermediaries in the U.S. financial markets.
2–4. What do investment banks do in the financial markets?
2–5. Describe the difference between the primary ...
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