Explain why financial markets are important to the health of economy?

Financial Accounting Intro Concepts Meth/Uses
14th Edition
ISBN:9781285595047
Author:Weil
Publisher:Weil
Chapter9: Working Capital
Section: Chapter Questions
Problem 8Q
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1. Explain why financial markets are important to the health of economy?

2. In a world without complete information and transaction costs, financial intermediaries would not exist. Is this statement true,false or uncertain? Explain your answer.

3. Explain the flow of funds in the financial system thru direct and indirect financing.

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