Go to the New York Stock Exchange website at nyse.nyx.com and find the latest figures for top NYSE volume days. Click on Investor Relations. Click on Trading Statistics. Click on Data Library. Click on NYSE Statistics Archive. Under NYSE Daily Share Volume in NYSE Listed Issues, click on the most recent date. Click on Interactive Viewer. Click on Market Activity. Click on NYSE Group Volume RecordsTop 10 Days. This brings up a file that contains the relevant data.

Questions 1. What is the largest number of daily shares traded on the NYSE? On what day did this occur?

2. Calculate the percentage change in daily trading volume since the 1.6 billion shares traded on January 3, 2018.

4. Discuss how secondary markets benefit funds issuers.

5. Discuss the major macro benefits of financial intermediaries. What role does the government have in the credit allocation process?

6. What determines the price of financial instruments? Which are riskier, capital market instruments or money market instruments? Why?