2. What does the term marketability of financial assets referred to? Why is it important to saver and issuer of debt or equity security? 3. Explain the meaning of the term default risk. What factors appear to have mot influence upon the degree of default risk displayed by financial asset? 4. Explain the differences between American option and European option. 5 Discuss the uses of the following instruments A). Call options B) Put options 6. The money market is characterized by very large financial institutions. Who are the the principal borrowers and lenders in this market