The Key Financial Instruments .........................................................

Lecture 4

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inancial instruments are the products we buy in the marketplace as
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using passive investments of stocks and bonds not only makes you
better off in the long run but also keeps you from having to worry about
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Liquid Assets
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For this reason, the main purpose of cash is for direct transactions
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checking accounts, money-market accounts, and money-market

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to get from each, with checking accounts generally paying the least

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are drawn from a bank that is a member of the Federal Deposit

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can access money in a checking account by writing paper checks,

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% Money-market accounts limit the number of transactions per

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