Capital market
Commerce SSS3 First Term
WEEK 6
Capital market
Performance Objectives
The student should be able to:
1. Explain capital market.
2. Trace the historical development of capital market.
Content
Definition of Capital Market
The Capital market is a financial market where medium and long term funds for industrial development are mobilized and traded. The traders (players) in this market are known as operators. The operators act as intermediaries between the fund raisers and fund users (buyers).
Examples of Capital Market Operators
These include:
1. Exchanges
2. Brokers
3. Dealers
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