Maharashtra State BoardHSC Commerce 12th Board Exam
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Explain the following term/concept.Financial market - Secretarial Practice

Short Note

Explain the following term/concept.
Financial market

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Solution

It is a market where financial assets i.e. financial instruments are exchanged or bought and sold. It represents the market which raises finance for the long-term via Capital Market and for the short-term via Money Market. The financial market helps in mobilisation of savings and converts it into investments. Thus, the financial market acts as an intermediary between investors and borrowers.

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APPEARS IN

Balbharati Secretarial Practice 12th Standard HSC Maharashtra State Board
Chapter 11 Financial Market
Exercise | Q 2.1 | Page 168
SCERT Maharashtra Question Bank 12th Standard HSC Secretarial Practice Maharashtra State Board 2021
Chapter 11 Financial Market
Explain the following terms/concepts | Q 1
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