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PRINCIPLE OF FINANCE (4. Six Parts of financial system (Financial Markets,…

- - - - Means of Payment (like MONEY)
      - Stores of Value (like MONEY)
      - The transfer of Risk
    - - Debt
      - Equity (Cổ phần)
      - Derivatices (Chứng khoán phái sinh)
    - - Communicate INFORMATION
        
        Summarize details about the issuer
      - Handle the problem of ASYMMETRIC INFORMATION
  - - - Example: banks, insurance companies, securities firms, pension funds
- - - - Balanced Budget
      - Surplus Budget
      - Deficit Budget