10. Financial System Policy Makers pass laws and set policies Monetary System create and transfer money Financial markets market and facilitate transfer of financial assets Financial institutions accumulate and lend/invest savings
11.
12. The Form of Financial Markets Capital Demander Capital Supplier Financial Instrument Financial Instrument Capital Capital Markets
13.
14. Indirect Financing Capital Demander Financial Institutions Capital Supplier Deposit Loan Lower Rate Higher Rate
15. Direct Financing Capital Supplier Capital Demander Capital Securities Financial Institutions Fee Underwriting
16. The Framework of Financial Markets ─ By Instruments Financial Markets Monetary Market Short-Bill Conditional RP/RS Interbank Call Loans Treasury Securities NCDs Commercial Paper Banker’s Acceptance Capital Market Foreign Exchange Market Derivative Market Stocks Bonds Futures Options Warrants Swaps
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