1. Discuss the content and reasons for an Investment Policy Statement. (15 marks) 2. There are two types of brokerage accounts, cash account and margin accounts. Define and state the difference of a Cash Account and a Margin Account. (6 marks) 3. What is a margin call? (2 marks) 4. There are 3 classification of Security Types, define each type and give 1 example of each type. (9 marks) 5. Define the risk premium. (2 marks) 6. Define the 3 forms of market efficiency (6 marks) 7. What traders are considered to be insiders? (5 marks) 8. Distinguish the difference between a bubble and a crash