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Q1. a) Describe three types of money market instruments. (15 Marks) b) Consider the following: i. Suppose you plan to take out a loan to

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Q1. a) Describe three types of money market instruments. (15 Marks) b) Consider the following: i. Suppose you plan to take out a loan to purchase a car. Which financial intermediary would you use and why: a commercial bank; pension funds or an investment bank? (10 Marks) Suppose that Honda sells yen-denominated bonds in Tokyo. Is this debt instrument considered a Eurobond? Would your answer change if the yen-denominated bonds were sold in London? (10 Marks) c) Explain why the financial system is highly regulated. (15 Marks) (Total 50 Marks)

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