‘The function of financial system is only to channel funds from surplus to deficit units’. Discuss
Examine the financial claims of a deposit, a bill, ordinary share and a bond in terms of the following characteristics: risk, liquidity, real value certainty and term to maturity. Discuss and describe the relationship between these characteristics.
Make a distinction between orders driven and quote driven financial markets, giving illustrations of each.
Why is electronic order-matching becoming the main system for trading in financial markets?