Which of the following statements best describes financial markets? Answer a. Financial markets are a good example of unregulated markets b. Financial markets increase the speed of buying and selling, but they also increase the cost since people are earning fees for these transactions c. Financial markets today offer fewer instruments than they did in the past d. Financial markets lower the cost and increase the speed of buying and selling financial instruments
Which of the following statements best describes financial markets? Answer a. Financial markets are a good example of unregulated markets b. Financial markets increase the speed of buying and selling, but they also increase the cost since people are earning fees for these transactions c. Financial markets today offer fewer instruments than they did in the past d. Financial markets lower the cost and increase the speed of buying and selling financial instruments
Chapter9: Accounting For Receivables
Section: Chapter Questions
Problem 11MC: Which of the following best represents a positive product of a lower number of days sales in...
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Question
Which of the following statements best describes financial markets?
Answer
a. Financial markets are a good example of unregulated markets
b. Financial markets increase the speed of buying and selling, but they also increase the cost since people are earning fees for these transactions
c. Financial markets today offer fewer instruments than they did in the past
d. Financial markets lower the cost and increase the speed of buying and selling financial instruments
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