CHAPTER ONE
INTRODUCTION
1.1 Background of the Study
The financial system in any modern economy consists basically
of two markets via: 1} The money market 2} The capital market
The money market provides short term finances for project execution, while the capital market perform all the long term functions of buying, selling and borrowing of long term funds.
The capital market is a highly specialized and organized financial market and indeed essential agent of economic growth because of its ability to facilitate and mobilize saving and investment. To a great extent, the positive relationship between capital accumulation and economic growth has long been affirmed in economic theories (Anganwu 1993).
Success in capital accumulation and mobilization for development varies among nations, but is largely dependent on domestic savings and inflows of foreign capital therefore, to arrest the.....
================================================================
Item Type: Project Material | Size: 79 pages | Chapters: 1-5
Format: MS Word | Delivery: Within 30Mins.
================================================================
