TAILIEUCHUNG - Chap_26SavingsInvestment

Saving, Investment,.and the © 2001 by Harcourt, IncAll rights reserved. Requests for permission to make copies of any part of should be mailed to:.Permissions Department, Harcourt College Publishers,.6277 Sea Harbor Drive, Orlando, Florida 32887-6777The Financial System. Thefinancial system consists that help to match ’s saving with another person’ It moves the economy’s scarce savers to borrowers The financial system is made up (Markets and Intermediaries)Harcourt, Inc. items and derived items copyright © 2001 by Harcourt, IncFinancial the . Economy. FinancialMarkets StockMarket. Bond Market. FinancialIntermediaries Banks. MutualFundsHarcourt, Inc. items and derived items copyright © 2001 by Harcourt, IncOther Financial Institutions. Creditunions. Pension funds. Insurance companies. Loan sharksHarcourt, Inc. items and derived items copyright © 2001 by Harcourt, IncThe Bond bond is a indebtedness obligations borrower to of the , Inc. items and derived items copyright © 2001 by Harcourt, Inc | Saving, Investment, and the Financial System Chapter 26 Copyright © 2001 by Harcourt, Inc. All rights reserved. Requests for permission to make copies of any part of the work should be mailed to: Permissions Department, Harcourt College Publishers, 6277 Sea Harbor Drive, Orlando, Florida 32887-6777. The Financial System The financial system consists of institutions that help to match one person’s saving with another person’s investment. It moves the economy’s scarce resources from savers to borrowers. The financial system is made up of institutions(Markets and Intermediaries) Harcourt, Inc. items and derived items copyright © 2001 by Harcourt, Inc. Financial Institutions in the . Economy Financial Markets Stock Market Bond Market Financial Intermediaries Banks Mutual Funds Harcourt, Inc. items and derived items copyright © 2001 by Harcourt, Inc. Other Financial Institutions Credit unions Pension funds Insurance companies Loan sharks Harcourt, Inc. items and derived items copyright © 2001 by Harcourt, Inc. The Bond Market A bond is a certificate of indebtedness that specifies obligations of the borrower to the holder of the bond. IOU Harcourt, Inc. items and derived items copyright © 2001 by Harcourt, .

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