o: Discuss the different types of financial institutions (mortgage, insurance, security firms and investment banks, mutual funds, and pension funds) and their services. o Identify risks that financial institutions face o Discuss the regulatory aspects imposed on financial institutions. O Explain why financial markets are increasingly becoming global. o Describe the likely economic scenarios transacted between suppliers of funds and users of funds without financial institutions. o To rationalize the widely-practiced adoption of indirect, rather than direct transfer of funds from suppliers of funds to users of funds