Direct financial markets could be broadly labelled as wholesale markets for funding.

Question

Quizplus · Accepted Answer

Direct financial markets, also known as primary markets, are wholesale markets for funding as they involve direct issuance of securities by borrowers to investors, with no intermediary involved. These markets are typically used by corporations and governments to raise large amounts of funds by issuing securities such as stocks and bonds.

Direct Financial Markets Could Be Broadly Labelled as Wholesale Markets