TASK ONE: Case study Read the following paragraph and answer the questions below: A financial market is not a usual market where you buy commodities, instead it has a special function, which has a direct impact on improving the efficiency of the cconomy. This market consists of various institutions Financial institutions allow investors to access necessary information about the different securities traded in the market. Investors (buyers) can resort to brokerage firms to access such securities, of firms listed in the stock exchange. Investors who are aiming to make retum are exposed to a different alternative, other than investing in listed firms, this alternative is to put their money directly in a firm that is seeking funding An investor named Dabour prefers to invest in listed firms, through a financial institution, such as the stock exchange rather than a firm that is collecting money on its own. Dabour supports his choice saying that he believes this way would allow investors to attain more information about the firms they are investing in, and would also reduce the wastage of time, effort and money to execute the investment. Additionally, purchasing of securities that are available on a common platform helps in the casy conversion of securities into cash. Another main advantage of investing through a financial institution is the proper regulation that investors are exposed to as opposed to other sources of investing. Financial markets and the institutions that constitute them are well-regulated What is this special function referred to at the beginning of the first paragraph? Explain how this function allows for economic efficiency. As mentioned in the second paragraph, which type of investment does resorting to brokerage firms refer to? Explain your answer In the third paragraph. Dabour referred to three benefits of investing through a financial institution, please state which benefits be is referring to and explain each of them. In reference to paragraph four: a) Please explain why it is important for the government to regulate financial markets. b) Who regulates financial institutions in Egypt (whether banking or non-banking financial institutions? c) Compare the benefits of purchasing securities from an organized exchange rather than other methods of purchasing securities in terms of regulation +) What is this special function referred to at the beginning of the first paragraph? Explain how this function allows for economic efficiency As mentioned in the second paragraph, which type of investment does resorting to brokerage firms refer to? Explain your answer In the third paragraph. Dabour referred to three benefits of investing through a financial institution, please state which benefits he is referring to and explain each of them In reference to paragraph four a) Please explain why it is important for the government to regulate financial markets. b) Who regulates financial institutions in Egypt (whether banking or non-banking financial institutions)? c) Compare the benefits of purchasing securities from an organized exchange rather than other methods of purchasing securities in terms of regulation TASK TWO: Stock market research Choose four different stock exchanges from five different countries around the world and list the following differences: What types of securities are listed in each of these exchanges? 1. What is the minimum capital to be listed in cach of these stock exchanges? m. What is the main index they rely on and what method do they use to calculate it? w Do these stock exchanges have any listed global depositary receipts or American depositary receipts? If yes, list a few for each + 9