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The FINANCIAL SYSTEM Explained (AP Macroeconomics Review)
Posted
October 26, 2018
Views
6,044
Likes
149
Comments
3
Engagement
2.51%
October 26, 2018
6,044
149
3
2.51%
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7:32Now PlayingIn 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
Also, if you watch this video, all your dreams will come true.
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