CHAPTER 4 The Financial Environment: Markets, Institutions, and Interest Rates Financial markets Types of financial institutions Determinants of interest rates Yield curves 4-1 What is a market? A market is a venue where goods and services are exchanged. | CHAPTER 4 The Financial Environment Markets Institutions and Interest Rates Financial markets Types of financial institutions Determinants of interest rates Yield curves 4-1 What is a market A market is a venue where goods and services are exchanged. A financial market is a place where individuals and organizations wanting to borrow funds are brought together with those having a surplus of funds. 4-2 Types of financial markets Physical assets vs. Financial assets Money vs. Capital Primary vs. Secondary Spot vs. Futures Public vs. Private .
