Unit OneText:Money and Its Properties 1
Unit TwoText:Nature of the Money Market 8
Unit ThreeText:Financial Markets 13
Unit FourText:Interest Rates 18
Unit FiveText:Bank Management 22
Unit SixText:The Development of Modern Banking 27
Unit SevenText:Separation of Commercial and Investment Banking 32
Unit EightText:Financial Innovation 37
Unit NineText:International Financial Markets 42
Unit TenText:Inflation and Its Micro Consequences 50
Unit ElevenText:The International Monetary System 56
Unit TwelveText:Risk and Its Management 62
Unit ThirteenText:Buying Insurance Versus Financial Planning 70
Unit FourteenText:Insurance Intermediaries 74
Unit FifteenText:Characteristics of Insurable Risks 80
Unit SixteenText:The Regulation of Insurance 85
Unit SeventeenText:The Need for Life Insurance 90
Unit EighteenText:Social Insurance Compared with Private Insurance 95
Key to Exercises 101