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1. Determine and explain the economic functions of money markets. 2. Determine what has contributed to the increased globalization of bond markets. 3. Determine and

1. Determine and explain the economic functions of money markets.

2. Determine what has contributed to the increased globalization of bond markets.

3. Determine and explain why mortgage-backed securities guaranteed by Federal government agencies often have yields above U.S. Treasury bond rates.

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