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1. What is an important economic role of capital markets? Give an example of a capital market instrument and explain how it works. Who are

1. What is an important economic role of capital markets? Give an example of a capital market instrument and explain how it works. Who are the main participants in the capital market? 2. List and briefly describe five basic roles of the financial system

3. What are different types of insurers and how do they differ? What are the two types of pension plans?

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