Question : It is a common platform where buyers and sellers can meet for fullfilment of their individuals needs. Which function of financial market is highlighted in the given statement?
Option 1: Facilitating price discovery
Option 2: Mobilization of savings and channeling them into the most productive use
Option 3: Reducing the cost of transactions
Option 4: Providing liquidity to financial assets
Answer (1)
22nd Jan, 2024
Correct Answer: Reducing the cost of transactions
Solution : Financial markets provide valuable information about security in the market. The financial market is does a common platform where wires and sellers can meet for fulfilment of their individual needs.
Hence, option C is correct.
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