Which of the following statements is NOT a feature of financial markets?
A) Financial markets generally provide borrowers with lower cost funds than through a financial intermediary.
B) Funds are channelled directly from savers to borrowers.
C) Contractual agreements are issued between savers and borrowers.
D) Financial markets generally deal only with the purchase and sale of government securities.

Question

Quizplus · Accepted Answer

Financial markets deal with a wide variety of financial instruments, not just government securities. Therefore, the statement that financial markets generally deal only with the purchase and sale of government securities is not a feature of financial markets.

Which of the Following Statements Is NOT a Feature of Financial