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
Graph:
- 115.060.01 Equity Investments - Reading 36 - Market Organization and Structure >> 115.060.01.08 Equity Investments - Reading 36 - 8. Well-Functioning Financial Systems