CHAPTER OUTLINE
The role of financial institutions
Example of a financial transaction
Savings units
Direct financing
Financial intermediation
An expanded example
Forms of financial intermediation
Other financial intermediaries-briefly
Depository institutions, non-depository financial institutions
An analysis of financial intermediation
The balance sheet
Income and expense
Direct financing
Financial markets
Primary and secondary markets
Money and capital markets
Financial services: a changing industry
Changing market niches
A more global industry
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