A major purpose of financial institutions and markets is to enable the transfer of savings into [...]
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Open it A major purpose of financial institutions and markets is to enable the transfer of savings into capital investments.
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2. TYPES OF MARKETS receiving dividends and capital gains). Households make these savings choices when their anticipated future returns are judged to be more valuable today than the present consumption that households must sacrifice when they save.
<span>Indeed, a major purpose of financial institutions and markets is to enable the transfer of these savings into capital investments. Firms use capital markets (markets for long-term financial capital—that is, markets for long-term claims on firms’ assets and cash flows) to sell debt (in bond markets) or equity (in
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