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115.060.01.08 Equity Investments - Reading 36 - 8. Well-Functioning Financial Systems
8. Well-Functioning Financial Systems
k. describe characteristics of a well-functioning financial system;
What four characteristics do well-functioning financial systems exhibit? 1. Complete markets - all necessary instruments are available 2. Liquidity 3. Operational efficiency 4. Informational efficiency
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CFA
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- 115.060.01 Equity Investments - Reading 36 - Market Organization and Structure to 115.060.01.08 Equity Investments - Reading 36 - 8. Well-Functioning Financial Systems