Question

TALK BRIEFLY

1. Universal banking
2. Eurocurrency
3. Eurobonds
4. Foreign bonds

PART TWO

Talk about the following BRIEFLY

1. Mortgage back securities
2. prime rate
3. libor rate

part three

talk about the following stock market indices

1. Dow Jones industrial average
2. Nasdaq Composite
3. CAC 40

Answer 1

PART - A

a. Universal Banking

Universal Banking is a system in which bank provide a wide variety of comprehensive financial services including those tailored to retail, commercial and investment services. Universal Banking is common in some European countries including switzerland.

b. Eurocurrency

Eurocurrency is currency deposited by national governments or corporations, outside of its home market. Commonly it is currency held in banks located outside of the country which issues the currency.

c. Eurobonds

A Eurobond is a debt instrument that is denominated in a currency other than the home currency of the country or market in which it is issued. Eurobonds are frequently used together by the currency in which they are denominated, such as euro dollar or euro-yen bonds.

d. Foreign Bonds

A Foreign Bond is a bond issued in a domestic market by a foreign entityin the domestic market's currency as a means of raising capital. For foreign firms doing a largr amount of business in a domestic market, issuing forign bonds such as Bull dog bonds, Matilda bonds and samurai bonds, is a common practice.