1. The exchange market and over the counter market are considered as two types of _____________.

1. Floating market
2. Risky market
3. Primary market
4. Secondary market.

2. Transfer of financial instruments from suppliers of funds to users of funds without any intermediary in between is classified as ___________.

1. global transfer
2. pension transfer
3. direct transfer
4. indirect transfer

3. Type of institutions that write securities, engage in brokerage and security trading are considered as ____________.
   1. trading institutions
   2. activity institutions
   3. investment banks
   4. mortgage banks

4. Which one of the followings is NOT a function of financial intermediaries?

1. Maturity transformation.
2. Risk transformation.
3. Setting exchange rates.
4. Size transformation.

5. Risk arises when technology system may malfunction is classified as __________.

1. system risk
2. technology risk
3. operational risk
4. support risk