"Financial Markets help to save time, efforts and money of both buyers and sellers of financial assets".
Identify the function of financial markets being highlighted in the statement.
Answer & explanation
Correct answer: option 2
The correct answer is option 2- Reducing cost of transactions.
Reducing cost of transactions is highlighted in the given statement.
Reducing the Cost of Transactions: Financial markets provide valuable information about securities being traded in the market. It helps to save time, effort and money that both buyers and sellers of a financial asset would have to otherwise spend to try and find each other. The financial market is thus, a common platform where buyers and sellers can meet for fulfillment of their individual needs.