Exam (elaborations)
ECS3701 EXAM Semester 1 2023 (766123) COMPLETE WITH ANSWERS AND ESSAY QUESTIONS
- Course
- Institution
Explain briefly and in general terms what is the meaning of a security and how it facilitates direct lending and borrowing. (5) A Security, also known as a financial instrument, is a claim on the issuers future income or assets. Borrowers are able to sell to lenders directly within financial mar...
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