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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
 


Team Careers360 4th Jan, 2024
Answer (1)
Team Careers360 24th Jan, 2024

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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