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CIFA PAPER NO.2: FINANCIAL INSTITUTIONS & MARKET
| Institution | Kenya Accountants and Secretaries National Examinations Board |
| Course | KASNEB |
| Year | 1st Year |
| Semester | Unknown |
| Posted By | Rose Oloo |
| File Type | |
| Pages | 104 Pages |
| File Size | 1.3 MB |
| Views | 659 |
| Downloads | 1 |
| Price: |
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Description
Financial market is a market where financial assets are exchanged. It facilitates the flow of funds in order to finance investments by firms, governments and individual’s i.e. flow of funds from surplus units (savers) to deficit units (borrowers) of the economy. It is a market in which buyers and sellers trade financial securities {stocks and bonds} and commodities at low transaction costs and at prices that reflect supply and demand.
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