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13. In September 1990, a study by the U.S. Congress Office of Technology Assessment titled Electronic Bulls &Bears:U.S. Securities Markets and Information Technology included this

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13. In September 1990, a study by the U.S. Congress Office of Technology Assessment titled Electronic Bulls &Bears:U.S. Securities Markets and Information Technology included this statement: Securities markets have five basic functions in a capitalistic economy 1. they make it possible for corporations and governmental units to raise capital; 2. they help to allocate capital toward productive uses; 3 they provide an opportunity for people to increase their savings by investing in them; 4 they reveal investors'judgments about the potential earning capacity of corporations, thus giving guidance to corporate mamagers; and 5. they generate employment and income. For each of these functions cited, explain how financial markets (or securities markets, in the parlance of this congressional study) perform each function

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