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government bond market, and the U.S. Treasury bills auction (The Economics of Money, Banking, and Financial Markets).
A financial market keeps in mind six basic functions which they need to facilitate:
? Price Determination: One of the key features of a financial market is to determine the price of financial assets which already exist in the stock as well as ones which are issued recently.
? Borrowing and Lending: This includes the relocation of funds for investment or for utilization from one particular agent to another. Usually the borrowers are organizations or individuals in need of funding or for investments and the lenders are usually those who have cash in excess which can be utilized for investing...
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