Financial system markets and institutions through which funds flow between lenders and borrowers 溢 的重价首多54
Financial system = markets and institutions through which funds flow between lenders and borrowers
◇Major functions: channeling household savings to corporate sector allocating investment funds among firms allowing temporal smoothing of consumption enabling households and firms to share risks 的重价首华大考
Major functions: ¾ channeling household savings to corporate sector ¾ allocating investment funds among firms ¾ allowing temporal smoothing of consumption ¾ enabling households and firms to share risks
A country's financial system: inancial Markets obanking Institution nking Institutions Central Bank 山重价5六孝
A country’s financial system:
Classification of Financial Markets ◇By maturity: money markets capital markets By time of delivery: spot markets futures markets 数更价首5大考
Classification of Financial Markets Classification of Financial Markets By maturity: ¾ money markets ¾ capital markets By time of delivery: ¾ spot markets ¾ futures markets