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LEONARDO DA VINCI Transfer of Innovation VALDON DAR KUVIEN Vytautas Magnus University financial Markets Leonardo da Vinci programme project Development and Approbation of Applied Courses Based on the Transfer of Teaching Innovations in Finance and Management for Further Education of Entrepreneurs and Specialists in Latvia, Lithuania and Bulgaria 2010 2 TABLE OF CONTENTS Table of 1. financial MARKETS: STRUCTURE AND ROLE IN THE financial financial system structure and financial markets and their economic financial intermediaries and their financial markets financial Classification of financial financial market Key Further Review questions and 2.

operating in financial systems, called financial intermediaries. The latter ones transform the final liabilities into different financial assets preferred by the public. 1.2. Financial markets and their economic functions A financial market is a market where financial instruments are exchanged or traded.

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  System, Financial, Financial system

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