Which of the following best describes the functions of the capital market?
A) Accepts funds from the public and invests them in assets.
B) A market where securities may be traded without incurring capital gains tax.
C) Enables the suppliers of funds and the users of funds to negotiate the conditions on which the funds will be transferred.
D) A market in which trading takes place by competitive bidding on an organised exchange.
Correct Answer:
Verified
Q2: Merchant or investment banks are classified under
Q3: The financing process involves a flow of
Q4: Unit trusts and investment companies are a
Q5: A savings-deficit unit is one:
A)whose expenditure is
Q6: The major difference between investing institutions and
Q8: Which function provides a service to companies
Q9: The Australian dollar was floated in:
A)June 1983.
B)June
Q10: Which Act gives extensive powers to APRA
Q11: Which committee concluded that deregulation would improve
Q12: The Basel committee was established by the:
A)European
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