Question: Answer the following questions in complete sentences using proper grammar and spelling. These are not short answer questions. 1. Name and briefly describe the 3

Answer the following questions in complete sentences using proper grammar and spelling. These are not short answer questions.

1. Name and briefly describe the 3 uses of financial instruments.

2. Name and briefly explain the 4 fundamental characteristics that determine the value of a financial instrument.

3. Explain the differences between primary financial markets and secondary financial markets.

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