File Name: financial markets and institutions chapter 2 .zip
Financial Markets and Institutions is also available via Revel , an interactive learning environment that enables students to read, practice, and study in one continuous experience.
Not a MyNAP member yet? Register for a free account to start saving and receiving special member only perks. Even the most cursory review of major international economic trends over the past several decades shows there have been revolutionary changes in world financial markets.
A financial market is a market in which people trade financial securities and derivatives at low transaction costs. Some of the securities include stocks and bonds , raw materials and precious metals , which are known in the financial markets as commodities. The term "market" is sometimes used for what are more strictly exchanges , organizations that facilitate the trade in financial securities, e. Much trading of stocks takes place on an exchange; still, corporate actions merger, spinoff are outside an exchange, while any two companies or people, for whatever reason, may agree to sell stock from the one to the other without using an exchange. Trading of currencies and bonds is largely on a bilateral basis, although some bonds trade on a stock exchange, and people are building electronic systems for these as well, to stock exchanges.
The Capital Allocation Process In a well-functioning economy, capital flows efficiently from those who supply capital to those who demand it. Suppliers of capital individuals and institutions with excess funds. These groups are saving money and looking for a rate of return on their investment. Demanders or users of capital individuals and institutions who need to raise funds to finance their investment opportunities. These groups are willing to pay a rate of return on the capital they borrow.
- У меня нет семьи. - Он посмотрел на. - Мой брак практически рухнул. Вся моя жизнь - это любовь к моей стране. Вся моя жизнь - это работа здесь, в Агентстве национальной безопасности. Сьюзан слушала молча.
Танкадо не посмеет этого сделать! - воскликнула. - Уничтожить всю нашу секретную информацию? - Сьюзан не могла поверить, что Танкадо совершит нападение на главный банк данных АНБ.
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