The Three Economic Functions of Financial Markets Are: to Improve

question 15

True/False

The three economic functions of financial markets are: to improve the price discovery process; to lessen liquidity; and, to reduce the cost of transacting.

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Definitions:

Ethics Perspective

A viewpoint that focuses on the moral principles governing or influencing conduct, especially in a business context.

Procedural Justice

The perceived fairness of the processes used to make decisions, where individuals involved in a process view it as just if it meets ethical and legal standards.

Fairly Administered

Ensuring processes and decisions are conducted in a just, unbiased, and equitable manner.

Policies and Rules

Established guidelines and regulations designed to govern the conduct, procedures, and operations within an organization.