Financial Market (Global)
Worldwide system trading financial instruments: stocks, bonds, currencies, derivatives.
Real World
When the London Stock Exchange opens each morning, share prices for FTSE 100 companies like BP or Unilever are influenced by trading that occurred overnight on the New York and Tokyo exchanges.
Exam Focus
Explain how global financial markets affect a business's cost of capital and exchange rate exposure — don't treat this as purely macroeconomic context.
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