A. (8 marks) Outline FOUR (4) functions of the Jamaica Stock Exchange. Stock exchanges are central trading locations, in which securities of corporations are traded. B. Explain TWO (2) advantages and TWO (2) disadvantages of listing on the stock exchange to the corporation and its shareholders (8 marks) C. Differentiate between a market order and a stop order (4 marks) (Total 20 marks) Question 2 A. Explain FOUR (4) reasons for the greater integration of financial markets throughout the world. B. Distinguish between forward, futures and option contracts? (12 marks) (8 marks) (Total 20 marks) Question 3 A. Discuss TWO (2) characteristics of an effective capital market. (5 marks) B. Outline TWO (2) distinguishing features between stocks and bonds as financial market securities (4 marks) D. Examine THREE (3) factors that characterize the effective functioning of a developed money market. (6 marks) List FIVE (5) major characteristics of money market instruments. (5 marks) D. (Total 20 marks) Question 2 A. Explain FOUR (4) reasons for the greater integration of financial markets throughout the world. (12 marks) B. Distinguish between forward, futures and option contracts? (8 marks)