1. Introduction to money and financial assets Consider the following dialogue between Kenji and Paolo, economics students taking a course on Money, Banking, Financial Markets and Institutions. KENJI: Hi Paolo. The professor mentioned that in addition to money people also hold stocks and some other asset, which I forget. Can you please remind me, which one is that? PAOLO: That's right, Kenji, the professor told us that in addition to money and stocks, people also hold such financial assets as KENJI: Also, I cannot see the difference between money and stocks. Could you explain it to me? PAOLO: Unlike money, stocks represent KENJI: But why is money considered a financial asset? PAOLO: Money is clearly an asset because by definition, it is KENJI: Are there any other financial assets? PAOLO: Yes. Let's try to identify them together: Check all that apply. Land O Savings accounts Checking accounts Credit cards 2. Introduction to financial markets Consider the following dialogue between Valerie and Caroline, economics students taking a course on Money, Banking, Financial Markets and Institutions. VALERIE: Hi Caroline. The professor was talking about the stock market and the market for equities. Can you help me understand whether the two markets are different or the same? CAROLINE: The stock market and the market for equities because VALERIE: Can you explain what financial markets do? CAROLINE: Financial markets essentially bring units together with VALERIE: Would it be correct to say that when firms and corporations issue new stocks, they are sold in the primary markets? CAROLINE: The markets where stocks and bonds are resold are called markets