What is the purpose of financial markets? How can this purpose be accomplished efficiently? A./Discuss the functions of financial intermediaries. 15. A number of factors give rise to different interest rates or yields being observed for di ferent types of debt instruments. What are these factors? 16. What is meant by making the financial markets more efficient? More complete? 17. What is the purpose of stock market exchanges such as the New York Stock Exchange

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1 The purpose of financial markets is to facilitate the efficient allocation of capital and resources in an economy Financial markets provide a platform for individuals businesses and governments to b... View the full answer