International Finance (Introduction)

a. the main part of the stock market.

b. the market for new issuance.

c. reserved for large companies.

a. promotes business financing.

b. connects investors with each other.

c. is reserved for stocks only.

a. concerns only physical assets such as (real estate, inventory…).

b. relates to derivative assets only ( Options, forwards).

c. can concern both types of assets (physical and derivative)

a. a public regulatory authority.

b. a financial intermediary.

c. an independent private stock exchange platform.

a. reserved for banks only.

b. restricted to all financial institutions.

c. accessible to business, government and financial institutions.

a. short-term and long-term debt financing.

b. reserved for sovereign debt only.

c. long-term debt financing only.

a. shares and bonds only.

b. physical assets.

c. currencies only.

a. regulated stock markets.

b. over-the-counter markets.

c. unregulated stock markets.

a. systematically in cash.

b. systematically via the « DSS = Deferred settlement system ».

c. depending on the investor's order strategy (buyer or seller)

a. Operational activity (management of financial transactions after their negotiation)

b. Activity of monitoring the execution of transactions against rules and standards

c. Administrative, accounting, control (settlement-delivery) and auditing/reporting activities