Question : Which function of financial market is highlighted in the given statement?
Statement: The financial market makes available every type of information without spending any money.
Option 1: Mobilization of savings and channelising them into most productive use
Option 2: Facilitates price discovery
Option 3: Provides liquidity to financial assets
Option 4: Reduce the cost of transactions
Correct Answer:
Reduce the cost of transactions
Solution : Various types of information are needed while buying and selling securities much time and money spend in obtaining the same. The financial market makes a level every type of information without spending any money in this way the financial market reduces the cost of transactions.
Hence, option D is correct.
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