a. b. c. --have turned to U.S. and other markets to expand their investment opportunities ---became more global as the value of stocks traded in foreign markets soared markets have served as a major source of international capital the conduit through which monetary policy actions impact the economy in general ---provides greater incentive to collect a firm's information and monitor actions. d. -are e. f. transaction involves the exchange of currencies at a specified date in the future and a specified exchange rate. at g. markets in which users of funds (e.g. corporations, governments) raise funds by issuing financial instruments (e.g. stocks and bonds)