Financial markets represent the lifeblood of our global economy. These mechanisms promote greater economic efficiency by transferring funds from individuals, businesses and governments with an excess of available funds to those with a shortage. Funds are transferred in the financial markets through the purchase and sale of financial instruments (such as stocks and bonds). Short-term financial instruments are available in money markets, while longer-term financial instruments are purchased and sold in the world's capital markets. Many financial markets have been in existence for hundreds of years; however the modern era has brought along many new innovations such as securitization and the derivatives market.
This course provides an introductory overview of the world's largest financial markets, including the money, bond, stock, mortgage, foreign currency and derivatives markets. This course reviews the various types of financial risk that impact these markets, as well as the economic variables that influence market activity (such as interest rates and monetary policy).
Delivery Method: Online Interactive Self Study
Advanced Preparation: None
Policies: Click here
Michael J. Walker
Field of Study:
Passing Score: 70%
For More Detail:
Chapter 1: Financial Markets & Intermediaries
1. Describe the unique characteristics of financial markets.
2. Recognize the types of financial instruments traded in various financial markets.
3. Describe the efficient market hypothesis.
4. Explain the role that financial intermediaries play in financial markets; recognize the various types of financial intermediaries.
For More Objectives:
CPA: Suitable for all CPAs
IRS: Enrolled Agents Program Number