Which of the following is NOT a function of the financial market?

• A financial market facilitates the transfer of savings from investors to savers.
• Determination of a price for the financial asset with the help of market forces of demand and supply.
• Financial markets increase the cost of transactions due to "n" number of securities being traded in the market.
• It facilitates the easy purchase and sale of financial assets.

1 and 3

The following are the functions of the financial markets:

• A financial market facilitates the transfer of savings from savers to investors.
• Determination of a price for the financial asset with the help of market forces of demand and supply.
• The cost of transactions is reduced as financial markets help to save time, effort, and money.
• It facilitates the easy purchase and sale of financial assets.