Financial Market (Global)
Worldwide system trading financial instruments: stocks, bonds, currencies, derivatives.
Real World
When the US Federal Reserve raised interest rates in 2022, global bond markets fell simultaneously and the pound dropped sharply against the dollar, showing how interconnected financial markets instantly affect UK businesses importing dollar-priced commodities.
Exam Focus
Always link global financial market movements to a specific business impact — exchange rates, borrowing costs, or investor confidence — to score application marks.
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