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23.  Financial markets: What are the major differences between public and private markets? 24.  Financial instruments: What are...

23.  Financial markets: What are the major differences between public and private markets?

24.  Financial instruments: What are the two risk-hedging instruments discussed in the chapter?

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Financial Markets: What are the major differences between public and private markets?

            -Public markets are organized financial markets where the public buys and sells securities through their stockbrokers. The SEC regulates public securities markets in the United States. In contrast, private markets involve direct transactions between two parties. These transactions lack SEC regulation.

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