Class Quiz Flashcards
(6 cards)
1
Q
What is a primary market
A
Primary market is the initial raising of capital, through debt or equity by cooporations
2
Q
What is a securitie
A
A security is shares in the company or a bond that can be sold in order to increase capital in order for investment or expansion
3
Q
What is a secondary market
A
A secondary market is the trading of securities that have already been issued for some time in the past
4
Q
What is the purpose of the ASX
A
To regulate and control how trading takes place. This is to ensure there is confidence in the system
5
Q
What is m3
A
It is currency + all bank deposits
6
Q
What is the role of the rba
A
To ensure stability in the financial system
To maintain full employment in the economy
To ensure a high standard of living for Australians
