Question : It has to save time effort and money that both buyers and sellers of financial asset would have to spend to try and find each other. Which function of financial market is highlighted in the given statement?
Option 1: Facilitating price discovery
Option 2: Mobilization of savings and channelizing them into the most productive uses
Option 3: Providing liquidity to financial assets
Option 4: Reducing the cost of transactions
Answer (1)
15th Jan, 2024
Correct Answer: Reducing the cost of transactions
Solution : Financial market save lot of time and efforts of the both buyers and sellers by providing a forum through which they can meet each other to fullfill their needs.
Hence, option D is correct.
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