Discuss the types of financial institutions involved in the financial market and the markets they serve. Be sure to distinguish between the primary and secondary markets and the money and capital markets.

Discuss what it means when it is said that markets are efficient and include an explanation of whether this seems true today.

Discuss the role of regulators in the financial market. Your discussion should include information about the importance of accounting as a key to the success of those regulators.

Many factors impact interest rates in the financial market and those rates drive the operations of the institutions. The price of money is interest rates; the financial markets determine that price in a very traditional economic sense of demand and supply of money. With this in mind, discuss the impact of a recession, the impact of the money supply, and the impact of international rates.

Briefly discuss the concepts of Nominal Rate of Interest and Real Interest Rates. Include an example of both.

**This is for Financial Markets in the United States**