True: Money markets are where assets with a maturity less than a year are traded, Gilts are sold for the first time in the new issues market, The financial sector experiences multiple market failures, The financial sector is an important allocation mechanism, Commercial banks balance liquidity, profitability and security, Financial sector failure can cause instability to the whole economy, False: Capital markets are where assets with a maturity of less than a year are traded, With QE central banks buy bonds in the new issues market, Money has 3 functions, Crypto currencies operate within the traditional banking sector, Governments undertake very little regulation of the financial sector, You DO NOT need to know about the Global Financial crisis,

Financial Sector

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