____________ is a market process where a less than optimal outcome is achieved when parties have asymmetric information.

List down any three international organizations that play a significant role in financial markets.

Futures and options trade on both organized markets and over-the-counter markets.

Credit

rating agencies play an important role in the provision of information on

companies, governments, and other organizations, and the financial instruments

that they use

Give any five examples of financial instruments

Write down any four factors that may influence SSU's decision to choose a particular financial instrument

In a lending arrangement, adverse selection typically occurs because lenders always have more information than borrowers.

One of the primary functions of financial markets is to transfer and manage risk.

Financial intermediaries cover costs and risks through their interest margin.

______ market calls for conditional future delivery.