Part A: The financial markets A financialmarketis a generalterm that describes anymarketplace where buyers and sellers participate in the trade of assets such asequities, bonds, currencies and derivatives. It hasnow been over six years since the most acute phase of the financial crisis. Over the interveningyears, market structweshave evolved and financialfirm shave changed their business modelsin importantrespects. Authorities around the world are implementing reform sthat address the painful lessons of the crisis, while at the same time keepingthe evolution of markets and firm sin mind. (Powell, 2015) Required: 1. Discuss why there are different types of Financial Markets and elaborate on fou types. (15 marks, 160 Words 2. Discuss the effect of the recent developments on the financialmarkets and their impact on the economy. (10 marks, 100 Words) 3. Briefly discussfive of the major types of financial institutions and provide examples. (20 marks, 150 Words) 4. Elaborate on the important differences between mutual andhedge funds. (6 marks, 30 Words) 3. Elaborate on the types of stock market transactions. (O marks, 150 Words) 6. Elaborate on the three forms of market efficiency and provide examples(15 marks, 200 Words)