Please answer the following

• Role of financial assets in the economy
• Capital allocation vs. Assets allocation vs. security selection
• Top-down approach vs. bottom-up approach

• Money market vs. capital market
• Characteristics of money market
• Types of money market instrument (T-bills, certificate of deposits, commercial paper, banker's acceptance, Repos and Reverses, fed funds) Explain each
• Bond market securities (Treasury notes and bonds, TIPS, Federal agency funds, international bonds, municipal bonds, corporate bonds, mortgage-backed securities)

• Explaine the difference between Primary vs. secondary market
• Advantages and economic effects Initial public offerings
• Bid price vs ask price. Explain
• Types of orders (market order, price-contingent order, stop-loss order) Discuss each