The institutional background of a marketplace is important when we explain the role of finance in the domestic and/or international markets because we need to be aware of past events which may influence our current analysis. The institutional investors who are discussed in the explanation typically will include: (select two answers for full credit) Local banks, local credit unions, and stockbrokers Pension funds, mutual funds, money managers, insurance companies Reatil investors like Nordstrom's, Macy's, and Home Deport Construction companies O Insurance companies, investment banks, commercial trust, hedge funds