Afm 121 exam Study guides, Class notes & Summaries
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AFM 121 Midterm Exam questions with 100% correct answers
AFM 206 Exam 2023 questions with complete solutions
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AFM 121 Midterm Exam questions with 100% correct answers
- Exam (elaborations) • 12 pages • 2023
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What is the vital function of financial markets? 
Help facilitate transfer of capital 
 
 
 
What are the three components of the wealth transfer process? 
Financial instruments (what is actually bought / sold) 
 
Financial markets (facilitating / buying financial instruments) 
 
Financial intermediaries (people / companies involved in financial instruments and markets) 
 
 
 
What is capital made up of? 
Capital is made up of governments, corporations and individuals 
 
 
 
How is capital trans...
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