#2015 #book-2 #cfa #cfa-level-1 #economics #schweser
Capital markets refers to the markets where firms raise money for investment by selling debt (borrowing) or selling equities (claims to ownership), as well as the markets where these debt and equity claims are subsequently traded.
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- (no access) - 2015 CFA Level 1 Study Schweser Book 2 - Economics, p9
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