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Definition
| Assets used to produce goods and services |
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| Claims on real assets, shares, securities, deposits |
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| Bank certificates of deposit |
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| Capital market instruments |
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Definition
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| traded like other financial instruments, agreement to buy/sell an asset |
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Definition
| Choice among broad asset classes |
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| financial assets and markets allow and individual or firm to adjust consumption to achieve the highest level of satisfaction or utility. |
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Definition
| Choice of which securities to hold within asset class |
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Definition
| Finding mispriced securities, Timing the market |
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Definition
| No attempt to find undervalued securities, No attempt to time the market, Holding a highly diversified portfolio |
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Definition
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Definition
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Definition
| both savers and borrowers |
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Definition
| investment companies, Banks, Insurance Companies, Credit unions |
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Term
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Definition
| Perform specialized services for businesses, Markets in the primary market |
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Definition
Foreign securities offered in dollars,Mutual funds that invest internationally,Instruments and vehicles continue to develop (WEBs),American Depository Receipts (ADRs),
Exchange Traded Funds (ETFs) |
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Definition
Mortgage pass-through securities, Offers opportunities for investors and originators, Other pass-through arrangements (Car, student, home equity, credit card loans
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Term
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Definition
| Use of mathematical models and computer-based trading technology to synthesize new financial products, Bundling and unbundling of cash flows |
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Definition
| Information is made cheaply and widely available to the public,Automated trade crossing (direct trading among investors), Online information dissemination |
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