A(n)________ is a system that allocates financial resources in the form of debt and equity according to their most efficient uses.

Question

Quizplus · Accepted Answer

The capital market is a system where debt and equity are allocated according to their most efficient uses. It includes the stock market for equity and the bond market for debt. The international equity market refers to the buying and selling of stocks across national borders. The forward market refers to a market where contracts are made for the future delivery of a commodity or currency. The eurocurrency market refers to the market for currencies held outside their country of origin. None of these options describe a system for allocating financial resources in the most efficient way possible, as the capital market does.

A(n)________ Is a System That Allocates Financial Resources in the Form