Define Exchange Traded Funds Traditional Mutual Funds Closed End Funds What are the Advantages and Risks of ETFS? What is a defensive company? defensive stock? what is a growth company? growth stock? value stock? cyclical company? cyclical stock? spec co.? spec stock? Define a margin in securities market? margin in futures market? initial margin? maintenance margin? variation margin? settlement price? How does yield volatility effect bond prices with embedded options? What is market segementation theory? yield spreads/interest rates How do the folowing effect the yield curve? pure expectations theory? liquidity preference theory? market segementation theory? Explain the Keynesian theory and Moneterist theory. and McCallum/Taylor. good luck!