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FinancialIntermediaries(FIs)1andtheirTypesIngeneral,FIsprofit-seekingfirms2thatlinkupDSUsandSSUs,andprovideawiderangeoffinancialser鄄vicestothepublictoreducetherisksandcostassociatedwithborrowingandlendingandotherfinancialtransactions.Theyalsoaffordthepublicprotectionagainstthefinancialcostassociatedwithvariouscontingenciesandfulfillthede鄄mandforvariousfinancialclaims3.Thefinancialintermediariespoolthefundstheyac鄄quirefrommanyindividualSSUsandthenusethefundstomakeloanstobusinessesandho… 相似文献
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FinancialMarkets1Financialmarketscanbeclassifiedasmoneyorcapitalmarkets,asprimaryorsecondarymarkets,orasspotorfuturesmarkets.Moneymarketreferstothemarketforfinancialassetswithanoriginalmaturity2 oflessthanoneyear.Inotherwords,themoneymarketincludesthosemarketswheresecuritieswithoriginalmaturityofoneyearorlessaretraded.SuchsecuritiesmainlycoverTreasurybills3 ,commercialpaper,andnegotiablecertificatesofdeposit (CDs) 4 .Thecapitalmarketmeansthemarketforfinancialassetswithanoriginalmaturityofgre… 相似文献