(2)? Allocation function: the financial market transfers resources from inefficient departments to efficient departments, so that a society's economic resources can be most effectively allocated to the most efficient or effective use, and the rational allocation and effective utilization of scarce resources can be realized.
(3) Adjustment function: refers to the adjustment function of the financial market to the macro-economy.
(d) Reflective function: changes in financial markets can reflect the development trend of the economy.
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Financial market refers to the general name of places that operate monetary fund lending, foreign exchange trading, securities trading, bond and stock issuance, and gold and other precious metals trading. The combination of direct financial market and indirect financial market constitutes the whole financial market. Financial markets can be classified from different angles:
(1) According to the financing period, it can be divided into short-term financial market and long-term financial market. Short-term financial market, also known as money market, includes bill discount market, short-term deposit and loan market, short-term bond market and interbank lending market. Long-term financial market is also called capital market, including long-term loan market and securities market.
(2) According to the transaction object, it can be divided into local currency market (including money market and capital market), foreign exchange market, gold market and securities market.
Reference: financial market (the mechanism for trading financial assets and determining their prices _ Baidu Encyclopedia