Stage 2 Listening Comprehension
Now,you will listen to the lecture on Financial System.As you listen,find answers to the following questions:
1.What is financial system?
2.How does money market differ from capital market?
3.What is the major function of financial instruments?
4.Why do people trade derivative securities?
5.What is the major difference between depository institutions and non-depository institutions?
6.What is the key role played by central banks?
