finance Flashcards
1
Q
what is a stock market or stock exchange?
A
where government and industry can raise long term capital/funds
where investors can buy and sell securities
2
Q
what is the development of stock exchanges?
A
grew up in response to the demand for funds to finance investments, especially in the 17th and 18th century
the demand for large amount of funding
for example, in the UK there were a lot on canal and railway building
3
Q
what is an example of stock exchange?
A
the Alliance Trust
they initially made a lot of money by investing in the US railways, they saw how big America was and the great need for transportation
