A.) CREDIT UNIONS - A nonprofit financial cooperative offering deposit accounts‚ low-interest loans‚ etc. As soon as you deposit funds into a credit union account‚ you become a partial owner and participate in the union’s profitability. Credit unions are formed by large corporations and organizations for their employees and members. B.) MUTUAL FUNDS - An investment program funded by shareholders that trades in diversified holdings and is professionally managed. C.) FINANCE COMPANIES - A
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The Role of Financial Intermediaries and Financial Markets FOCUS OF THE CHAPTER This chapter provides an analysis of the roles and importance of financial institutions and financial markets‚ two important parts of the financial system. A broad classification of Canadian financial institutions is presented with an historical overview. Some basic classifications of financial markets are described. The chapter ends with an evaluation of the importance of the financial system to the Canadian economy
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Financial intermediaries obtain funds by issuing financial claims against themselves to market participants and then investing those funds. The investments made by financial intermediaries—their assets—can be in loans and/or securities. These investments are referred to as direct investments. As just noted‚ financial intermediaries play the basic role of transforming financial assets that are less desirable for a large part of the public into other financial assets—their own liabilities—which are
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Non Bank Financial Intermediaries INTRODUCTION • NBFCs are privately owned‚ decentralized and relatively small-sized financial intermediaries. • Some are primarily engaged in fund-based activities and others provide financial services of diverse kinds. • The former are know as Non Banking Financial Companies (NBFCs) and the latter are known as Non Banking Financial Services Companies (NBFSCs). OVERVIEW • Two parts 1. 1995-96 2. 2002-03 • During 1995-96‚ NBFCs had undergone radical
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Functionalities of Financial Intermediaries 3 Maturity Transformation 3 Risk Transformation 4 Convenience Denomination 5 Advantages of Financial Intermediaries 6 Reconciling Conflicting Preferences of Lenders and Borrowers 7 Spreading and Reducing Investment Risks 8 Economies of Scale Reduces Costs 8 Economies of Scope Reduces Cost 9 Summary and Conclusion 10 Introduction Financial markets can often be considered as the collection of all potential buyers and sellers of various types of financial products
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Intermediaries – companies or individual that act as brokers or middlemen between the tourists and the suppliers Tour Operator - Organize package tour together & offer for sale to the public Inclusive Tour – at least two elements are offer for sale at inclusive sale price and involve a stay of more than 24 hours in overnight accommodation Nature of tour packages sold by the tourism industry divided into two types: •Use of traditional charter flight •Use of scheduled flight The
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Journal of Political Economy 81‚ 1973‚ 637–654. Brealey‚ Richard‚ and Stewart Myers‚ Principles of Corporate Finance‚ Third Edition‚ McGraw Hill Publishing Co.‚ 1988. Brown‚ David P.‚ and Robert H. Jennings‚ ‘‘On Technical Analysis‚’’ Review of Financial Studies 2‚ 1989‚ 527–551. Debreu‚ Gerard‚ Theory of Value‚ Cowles Foundation Monograph 17‚ New Haven‚ Yale University Press‚ 1959. Fama‚ Eugene F.‚ ‘‘EYcient Capital Markets: A Review of Theory and Empirical Work‚’’ Journal of Business 43‚ 1970‚
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Computer Technology Computer Technology Technology has helped us in every phase of life since the beginning of time. From the invention of the simple calculator to the Internet‚ technology has been a great factor on the way our civilization has grown. With more and more technological advances just around the corner‚ our civilization will continue to grow faster and faster than ever before. After the invention of the computer this world did many inventions in a short time with the help of technology
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Computer Technology Being a kid sitting around with your friends‚ there was always that one person this said‚ do you think this will ever happened? When I grow up all I will have to do will say door open to get in my house‚ everything else will be done for me. now‚ much to my surprise this day has now arrived. The arrival and utilization of computers in today’s world is absolutely unbelievable. Things can be done with computers that could have never been done in the past. we have security
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3 types of financial intermediaries: investment bankers‚ brokers‚ and dealer. Investment banking firms help businesses and governments sell their securities to the public. They purchase securities from the issuing company and then resell them to the public (called underwriting) or they try to sell securities for a desired price‚ without guarantees (called best efforts basis). (Gallagher & Andrew‚ 2003) Broker dealers are financial intermediaries that provide a wide range of financial and investment
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