Asked by Sarah Williams on May 08, 2024
Verified
Stock markets are common in many countries and economies.Explain the need for and use of a stock market in an economy.
Stock Markets
Public markets where shares of companies are issued and traded, allowing companies to raise capital and investors to make investments in these companies.
- Understand the importance of timely financial information and its effect on making decisions.
- Identify the objectives of Generally Accepted Accounting Principles in financial reporting and comprehend their significance.
Verified Answer
MS
Missica SkeensMay 13, 2024
Final Answer :
A stock market enables an efficient allocation of capital.It serves as a market place for buyers and sellers to meet and provides liquidity.
Learning Objectives
- Understand the importance of timely financial information and its effect on making decisions.
- Identify the objectives of Generally Accepted Accounting Principles in financial reporting and comprehend their significance.
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