4.5.2 Role of financial sector
Financial liquid assets are exchanges in a financial market
The stock market is an example of a financial market
UK financial sector crucial to UK economy
Facilitate saving
Provide somewhere for firms and consumers to store their funds
Savings are rewarded with interest payments from the bank
Facilitate exchange of goods and services
Transfer of real economic resources
Financial markets can make it easier to exchange goods & services from the physical market
Provide a way for buyers bs sellers to interact with each other to transfer funds
To provide a market for equities
Financial liquid assets are exchanges in a financial market
The stock market is an example of a financial market
UK financial sector crucial to UK economy
Facilitate saving
Provide somewhere for firms and consumers to store their funds
Savings are rewarded with interest payments from the bank
Facilitate exchange of goods and services
Transfer of real economic resources
Financial markets can make it easier to exchange goods & services from the physical market
Provide a way for buyers bs sellers to interact with each other to transfer funds
To provide a market for equities
