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Part I. The pery early 24 Dendres and reportive dhe the bonds when the Money market straments are detinet The principal capital market included, m.compone beds, povered bod A debt security that pays interest forever and never repeticiper "Ted funds is another name for securities and by the US. Try 7 Money is defined as anything that is generally accepted in payment for goods and services in the repayment of debt. Credit cards are just like money and are counted as part of the money supply A financial intermediary is an institution that requires funds by issuing liabilities and in tam uses those funds to acquire assets by purchasing securities or making loans 10___The yield to maturity is below the coupon rate when the bond price is below is te value 11. _The financial system consists of all the securities, intermediaries, and markets that exist to match savers and borrowers 12 The organization responsible for the conduct of monetary policy in the United States is the Comptroller of the Currency 13.___ The maturity of a debt instrument is the length of time to the debt instrument's expiration date. Part II. Fill in the answers. (24 points) 9 1. (2) The basic function of financial markets is to channel 2. (2) Name two of the three principal categories of financial intermediaries: a) 3.(2) Alan keeps his savings in a money market mutual fund, Ben keeps his invested in US savings bonds, and Janet keeps hers in a bank. Who is using direct finance?