Principles of Managerial Finance (14th Edition) (Pearson Series in Finance)
Principles of Managerial Finance (14th Edition) (Pearson Series in Finance)
14th Edition
ISBN: 9780133507690
Author: Lawrence J. Gitman, Chad J. Zutter
Publisher: PEARSON
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Chapter 2, Problem 2.3WUE
Summary Introduction

To discuss:

Purpose of issue of securities in the money market and the capital market.

Introduction:

Financial institutions are the institutions that act as intermediaries between the suppliers and demanders of funds in the financial system. The financial market for the short-term funds is called as the money market. The capital market is defined as the market for long term financial requirements which issues the debt securities which matures after one year.

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