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BASICS
Financial Mar!ets
Types:
Money Market A market for short term debt instruments Capital Market - A market for long -term equity and debt instruments
Segments:
Primary Market A market for new issues Se ondary Market A market for trading outstanding issues
Financial Instruments
Types : Primary
Se ondary
Tradeable Tailor-made
Dra)%acks:
"rone to insta%ility /0posure to market risk Free rider pro%lem
Dra)%acks:
(etards innovation and gro)t# Impedes competition