Question

To start with

Answer 1

I am Just writing to make the concept of FINANCIAL MARKETS clear to you all.

Well then, People have different needs, and in trying to fulfill these needs, opposite or different needs are matched. Where needs are matched or fulfilled on a large scale, markets for those needs develop. Market forces are thus:
1 .The supply of an item or service where there is

1. A demand for that item or service.

(This DEFINITION is from : http://www.eagletraders.com/books/afm/afm1.htm)

To make it more clear Mckay's Definition will be : There are Different needs of different people in trying to fulfill them all others needs are matched very often.(Others may be INFINITE) So that comes under a large scale. Which pressurize the market and then a TIME COMES when DEMAND IS HIGN and \[\huge SUPPLY \ is \ LESS!! \] and then PRICES are high.

There is risk in financial transaction in a way of giving loan (TAKING LOANS IS ALRIGHT BUT YOU CAN/SHOULD but only if THEY HAVE REGISTERED THEMSELVES)

Into QUOTES """

Sales Man from a registered company - CAR LOAN @ 12% interest

A lay Man - CAR LOAN @ 5% interest.....

A COMMON MAN - (will) deny the Sales man and go to the lay man surely.


McKay's Plee- This may be fishing"" as the lay man will not have any T&C. and can raise interest at any time.But There is PRO of it. but CONS are more.

FROM UCPC -

Financial Transaction Control Procedures Guide
The information provided in this quide will assist a campus department or program in evaluating and establishing effective financial transaction control procedures for a campus financial process.

This guide provides cursory information about financial accountability and separation of duties. For detailed information on these topics refer to the Understanding Financial Accountability and Understanding Separation of Duties guides. Click here to contact a Financial Management specialist.


-- Thanks my fellow Open Study EFM and OG mates I will continue giving you more knowledge regarding this.

Dr. Illas Mckay

Contact : \[IllasMckay@sociologist.com\]

Answer 2

Nice @IllasMcKay IT is a nice article.

Answer 3

interesting and informative article, im glad i clicked on it

Answer 4

thanks

Answer 5

Are you intrested in FM

Answer 6

somewhat.

Answer 7

okay! If you want any help regarding this just mail me!

Answer 8

I will! cool :)