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Definitions and explanations of key concepts in financial markets, including the three main sets of players (borrowers, savers, and financial institutions), money markets and capital markets, various types of financial institutions and funds (insurance companies, investment banks, mutual funds, load funds, exchange traded funds, hedge funds, and private equity firms), securities (debt, equity, common stock, preferred stock), and primary and secondary markets. It also introduces the concept of price/earnings ratio and discusses the dow jones industrial average, s&p 500 average, and nasdaq.
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