It facilitates this function by acting as an intermediary between the borrowers and lenders of money. So, financial market may be defined as a transmission mechanism between investors (or lenders) and the borrowers (or users) through which channelise of funds is facilitated. It consists of individual investors, financial institutions and other intermediaries who are united by a formal trading rules and communication vane for trading the various financial assets and credit instruments. Significance After analyse this lesson, you will be able to: Explain the concept and functions of financial markets; maintain the nature and importance of money market; State the nature and types of capital market; Reforms in money market Reforms in capital market Review of literature 1. Dr.Rohit Sharma said in their article money market1 that... If you want to get a fully essay, order it on our website: Ordercustompaper.com
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