Table of Contents1 What is Financial Markets?2 Functions of Financial Markets2.1 Price Discovery2.2 Liquidity2.3 Low Transaction Cost3 Nature of Financial Market4 Classification of Financial Market4.1
A financial system is a network of financial institutions, financial markets, financial instruments and financial services to facilitate the transfer of funds. The system consists of savers, intermediaries, instruments and the ultimate user of funds. The level of economic growth largely depends upon and is facilitated by the state of financial system prevailing in the economy.
