The article discusses different financial institutions and markets, including money and bond markets, equity markets, and depository financial institutions in the US. It also covers government regulation of financial intermediaries and the global financial system. The second part focuses on interest rates, exchange rates, and monetary policy in a global economy. The third part explores financial market innovations like futures, options, and risk management strategies. Lastly, it delves into the management of financial firms, including credit risk, interest rate risk, and foreign exchange risk.