大二上期末复习-职协cic货银chapter128课件1.pptxVIP

Chapter 2 An Overview of the Financial System 2 Function of Financial Markets Allows transfers of funds from person or business without investment opportunities to one who has them 2.Improves economic efficiency 3 Classifications of Financial Markets 1. Debt Markets Short-term (maturity 1 year) Money Market Long-term (maturity 1 year) Capital Market 2. Equity Markets Common stocks 1. Primary Market New security issues sold to initial buyers 2. Secondary Market Securities previously issued are bought and sold 1. Exchanges Trades conducted in central locations (e.g., New Y