I'm trying to understand the basics of the financial system, including markets, institutions, and the fundamental financial instruments. Is there any book or textbook that explains this?
I'd specifically like to understand questions like:
*What is the economic function of private equity
*What does an investment bank do
*Why do trading companies exist
*Why are futures markets useful
*What is a derivative
etc
Does the kind of book I'm looking for exist? I'm fine with a textbook as well but I prefer to get an intuitive understanding rather than working through a bunch of math if I can avoid it.
by Limp_Quantity