📍TYPES OF FINANCIAL MARKET
#Financialmarket
💡 Financial markets in every economy are having two separate segments today, one catering to the requirements of short-term funds and the other to the requirements of long-term funds.
💡 The short- term fnancial market is known as the money market, while the long-term financial market is known as the capital market.
💡 The money market fulfills the requirements of funds for the period upto 364 days (i.e., short term) while the capital market does the same for the period above 364 days (i.e., long term).
◾@upsc_economy_notes
#Financialmarket
💡 Financial markets in every economy are having two separate segments today, one catering to the requirements of short-term funds and the other to the requirements of long-term funds.
💡 The short- term fnancial market is known as the money market, while the long-term financial market is known as the capital market.
💡 The money market fulfills the requirements of funds for the period upto 364 days (i.e., short term) while the capital market does the same for the period above 364 days (i.e., long term).
◾@upsc_economy_notes