The FINANCIAL SYSTEM Explained (AP Macroeconomics Review)
October 26, 2018
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7:32Now PlayingThe FINANCIAL SYSTEM Explained (AP Macroeconomics Review)
YouTube Description
as posted by the channelIn this video Heimler explains the financial system, which is the place where households and firms go to buy stocks, bonds, loans, and other financial assets.
First, we talk about the benefits of the financial system:
1. It reduces transaction costs associated with procuring loans (especially large ones).
2. It reduces risks by diversifying them among assets other than our personal collateral.
3. It provides liquidity by making liquid assets available quickly.
Second, we talk about four kinds of financial assets:
1. Loans
2. Stocks
3. Bonds
4. Loan-backed securities (sometimes called Asset-Backed Securities)
Third, we talk about four kinds of financial intermediaries:
1. Mutual Funds
2. Pension Funds
3. Life Insurance Companies
4. Banks
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