1. Which of the following is not appropriate as the reason for the financial system being so complex?

1. Taking advantages of scale
2. Dealing with the problem of asymmetric information
3. Need for risk/maturity transformation
4. Difficulty of settling transactions in a timely manner
5. Finding opportunities

2. Financial markets can be broadly divided into organized exchanges and " 2 " markets.

3. If hedge funds are finding "anomalies" in the market and taking advantage of such investment opportunities, they contribute in principle to making markets more " 3 ".

4. If you are the CFO of a successful tech company, which is considering a sale of shares to the general public, who would you turn to for help?

1. Analysts
2. The buy-side
3. The sell-side
4. Media