$1)$ What are financial institutions? Describe the role they play within the financial market environment.

$2)$ Who are the key customers of financial institutions? Who are net suppliers, and who are

net demanders of hinds?

$3)$ What is a private placement versus a public ottering?

$4)$ What is the money market? What is the Eurocurrency market?

$5)$ What is securitization$.$ and how does it facilitate investment in real estate assets?

$6)$ What is a mortgage$-$backed security? What basic risk is associated with mortgage$-$backed securities$?$

$7)$ Why do falling home prices create an incentive for homeowners to default on their mortgages even if they can afford to make the monthly payments?