21:51
1. Introduction, Financial Terms and Concepts
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MIT 18.S096 Topics in Mathematics with Applications in Finance, Fall 2013
View the complete course: http://ocw.mit.edu/18-S096F13
Instructor: Peter Kempthorne, Choongbum Lee, Vasily Strela, Jake Xia
In the first lecture of this course, the instructors introduce key terms and concepts related to financial products, markets, and quantitative analysis.
License: Creative Commons BY-NC-SA
More information at http://ocw.mit.edu/terms
More courses at http://ocw.mit.edu
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About The Author
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25:50 He is saying that government has the control on the setting the interest rate, but in the US the federal reserve is rather that decides it not the US government. The chair of the fed is appointed by the president only.
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