Role of the US Financial System

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Brinda G


Date added:

March 18, 2016








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6 / 1451


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Participants in the financial markets also include national, state, and local governments that are primarily borrowers of funds for highways, education, welfare, and other public activities; their markets are referred to as public financial markets." (Block & Hirt, 2005) A financial market is a mechanism which allows people to trade money for securities or commodities such as gold or other precious metals...
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In general, any commodity market might be considered to be a financial market, if the usual purpose of traders is not the immediate consumption of the commodity, but rather as a means of delaying or accelerating consumption over time. (Wikipedia Encyclopedia) Financial markets are affected by forces of supply and demand, and allocate resources over time through a price mechanism such as the interest rate...
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