Question :
It provide valuable information about securities being traded in the market. Which function of financial market is highlighted in the given statement?
Option 1: Mobilization of savings and channeling them into the most productive uses.
Option 2: Facilitating price discovery
Option 3: Providing liquidity to financial assets
Option 4: Reducing the cost of transactions
Answer (1)
19th Jan, 2024
Correct Answer: Reducing the cost of transactions
Solution : Reducing the cost of transactions helps to save time,effort and money that both buyers and sellers of a financial asset would have to otherwise spend to try and find each other. It provides a common platform made for fullfilment of their individual needs.
Hence, option D is correct.
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