Ask Question
4 May, 15:23

Which of the following is an example of a financial market?

A. A local coffeehouse where people regularly buy and sell financial instruments.

B. A bank that only accepts deposits and issues loans.

C. An electronic network used for buying and selling textbooks.

D. A central bank used for raising taxes and borrowing on behalf of the government.

+3
Answers (1)
  1. 4 May, 15:46
    0
    A. A local coffeehouse where people regularly buy and sell financial instruments.

    Explanation:

    A local coffeehouse where people regularly buy and sell financial instruments is an example of a financial market because by definition a financial market is a place where people buy and sell financial securities and derivatives at minimal transaction costs.

    Although in the scenario above it is strange that the location is a coffee shop, however, what is actually essential is the fact that the activities that defines a financial market is taking place therein.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Which of the following is an example of a financial market? A. A local coffeehouse where people regularly buy and sell financial ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers