Download Tag: FINANCIAL MARKET

CHAPTER ONE INTRODUCTION 1.1    BACKGROUND OF THE STUDY      By definition, a market is a place or a mechanism through which buyers and sellers exchange goods and services using a generally accepted medium of Exchange (i.e. Money). Thus, just like any other market, the Financial Market is a specialized market that is responsible for channelling financial resources from the surplus units ( savers ) to the deficit units ( those who needed ...

BACKGROUND OF THE STUDY The Financial market is divided into two main divisions, namely (i) the Money Market, and (ii) the Capital Market. The Money Market is quite different from the Capital Market in the sense that, unlike the Capital Market, one cannot raise long-term capital from the Money Market. The existence of money markets facilitate trading in short- term debt instruments to meet short-term needs of large users of ...

CHAPTER ONE INTRODUCTION 1.1      BACKGROUND OF THE STUDY  The Financial market is divided into two main divisions, namely (i) the Money Market, and (ii) the Capital Market. The Money Market is quite different from the Capital Market in the sense that, unlike the Capital Market, one cannot raise long-term capital from the Money Market. The existence of money markets facilitate trading in short- term debt instruments to meet short-term needs ...