Financial Institutions combines a thorough introduction to United States financial institutions and a substantial international focus. Equally suitable for a first or second year course in finance or money and banking, the text takes an analytical approach in its coverage of such topics as duration, equity valuation, cash management, and the Black-Scholes option pricing model. Financial Institutions also offers comprehensive coverage of all major financial institutions comprising the financial system. the text provides separate chapters on finance companies, insurance companies, pension funds, financial futures and options, and the swap market topics fequently omitted or treated lightly in other texts. * The text includes STUDY!, a computerized study guide that includes a bank of multiple choice questions covering all of the essential conceptual issues in the text.