just answer the questionsF

just answer the questionsFin 651.What is an ETF and what is securitization? Does securitization help with market liquidity and market efficiency?2.When was the SEC established and what is its role? Trivia: Who was the first head of the SEC?3.When was the Federal Reserve Bank established and what is its role?4.Name three rating agencies and how do they contribute to market efficiency?5.What is the role of derivatives markets? Rank these markets in order of market capitalization ? equity, fixed income, and derivatives.6.What are Fannie Mae and Freddie Mac?

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