IE&IFS: Concepts and Practice · Part D: Financial Products and Services

Chapter 19: Financial markets and the money market

How markets are sorted, how banks lend and borrow for a night or a year, and how the paper they trade is priced.

Buyers of the e-book, or of the print copy, which includes it, read the whole chapter. Everyone can read the free sample, pages 1 to 24 of the e-book.

In this chapter

• 19.1Financial markets: kinds and functionsp. 255
• 19.2The money market and its playersp. 256
• 19.3Call, notice and term money; repo and TREPSp. 257
• 19.4Treasury bills, CDs and commercial paperp. 258
• 19.5Prices, yields and the policy corridorp. 259
• Exam traps and quick checksp. 260
• Practice: 16 questions in three roundsp. 261
• Answers, with every wrong option explainedp. 263
• Make it stickp. 265
• Chapter 19 on one pagep. 266

Corrections and updates

None for this chapter so far. Every correction to the book, and any rule that changes after its date, is listed on the errata page.