In this homework, you will find a lot of guided reading questions. That is because this section of the course, Module 3, is focused on providing students background information related to various markets, including Money Markets, Bonds, Mortgages, Stock Markets, Foreign Exchange and Derivatives markets. Do spend some time reading through Chapters 5, 6, 7, and 8 as they are a more important and significant component of this module. Chapters 9 and 10 (Derivatives and Foreign Exchange) will be covered just briefly to give a general overview. In all of the chapters focus on grasping an understanding of the instruments in each market and the participants in each market as that is what matters most.

Question 9, Chapter 9, Foreign Exchange Markets Read only pages 282 to 288 for Chapter 9, we will not focus on the remainder of the chapter for Foreign Exchange Markets in this class, just want a brief understanding of what it is. After having read these pages, what is one significant difference between the nature of the foreign exchange market(s) and equities markets? (Hint: Where does foreign exchange happen?)