The financial markets
The financial markets consist of:
Money markets – maximum duration of 12 months
Capital markets – Minimum duration 12 months and maximum duration could be even 20-25 years
Foreign exchange markets
Insurance market
Banking and
Mutual funds
The money markets and capital markets in turn do have “Primary market” and “Secondary market”. Primary market means issue of financial instruments by companies and others that want to raise financial resources from the market. Secondary market refers to that market wherein the financial instruments issued in the Primary market change hands from one investor to another for financial consideration.
One Comment