3. What are the different types or kinds of financial markets (include definition)? Answer: Source/s:

EBK CONTEMPORARY FINANCIAL MANAGEMENT
14th Edition
ISBN:9781337514835
Author:MOYER
Publisher:MOYER
Chapter2: The Domestic And International Financial Marketplace
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Problem 6QTD
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3. What are the different types or kinds of financial markets (include definition)?
Answer:
Source/s:
Transcribed Image Text:3. What are the different types or kinds of financial markets (include definition)? Answer: Source/s:
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Step 1

Financial market are markets where financial securities are bought and sold. There are different functions performed by financial markets like,

a. price determination

b. funds mobilization

c. liquidity

d. risk sharing

e. easy access

f. reduce transaction cost

g. capital formation

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