Folder:
115 CFA
File:
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


Source:
  • CFA