Question
a)A change in interest rates will affect the profitability of financial institutions. Interpret this statement. [4 marks] b)Discuss briefly FOUR (4) characteristics of equity markets
a)"A change in interest rates will affect the profitability of financial institutions". Interpret this statement.
[4 marks]
b)Discuss briefly FOUR (4) characteristics of equity markets instruments.
[4 marks]
c)Describe the features that differentiate organized exchanges from over-the-counter market.
[4 marks]
d)Explain FOUR (4) factors that will determine the demand for an asset.
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College Accounting Chapters 1-13
Authors: John Price
14th Edition
007763991X, 9780077639914
