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These pages are an extract from:

An Introduction to Global Financial Markets, 4th Edition
© Stephen Valdez (and reproduced by kind permission)
Author: Stephen Valdez with Julian Wood
Published by Palgrave Macmillan, 2003
ISBN 1–4039–0011–6 (hardback),
ISBN 1–4039–0012–4 (paperback)

Firm Focus has typeset all four editions of this text book (the first being published in 1993 as ‘An Introduction to Western Financial Markets’) and is acknowledged by the author as having made a significant contribution to the proofing of each edition.

A pdf version of these pages is available here (8KB)
Page 164
Page 165