RSM100Y1 Chapter Notes - Chapter 16: Commercial Finance, Open Market Operation, Electronic Funds Transfer
Document Summary
Securities financial instruments that represent the obligations of the issuers to provide the purchaser with the expected stated returns on the funds invested or loaned: money market instruments. = are short-term debt securities issued by governments, financial institutions, and corporations. They mature one year from the date of issue. E. g. a) treasury bills - short-term securities with a maturity date of 30, 90, 180 or 360 days with a min of : commercial papers low-risk securities sold by corporations with a maturity date of. Financial markets are markets where securities are issued and traded. Primary markets are financial markets where firms and governments issue securities and sell them initially to the general public. Secondary markets are a collection of financial markets where previously issued securities are traded among investors. Investor participation in the stock markets investors establish an account with the brokerage firm and then enter orders to trade shares.
