Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
Related questions
Question
Describe the process by which the financial markets would operate to transfer the funds from savers to the borrower (the student).
Expert Solution
Step 1
Step 1
A financial market is a medium in economics that allows people to buy, sell, create, and exchange financial securities like stocks and bonds, commodities like basic agricultural goods and precious metals, and other fungible items of value at low transaction costs and prices that reflect the efficient market.
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