Financial markets provide three economic functions. Which of the below is NOT one of these?
A. The interactions of buyers and sellers in a financial market determine the price of the traded asset.
B. Financial markets provide a mechanism for an investor to sell a financial asset.
C. Financial markets increases the cost of transacting.
D. The interactions of buyers and sellers in a financial market determine the required return on a financial asset.
Answer:C
Financial markets provide three economic functions. Which of the below is NOT one of these?
A. The interactions of buyers and sellers in a financial market determine the price of the traded asset. B. Financial markets provide a mechanism for an investor to sell a financial asset. C. Financial markets increases the cost of transacting. D. The interactions of buyers and sellers in a financial market determine the required return on a financial asset.