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Questions and Answers
What is defined as a 'financial market' under Corporations Act 2001 (Cth) s 767A(1)?
What is defined as a 'financial market' under Corporations Act 2001 (Cth) s 767A(1)?
- A platform for trading physical commodities.
- An institution that provides capital for startups.
- A marketplace for real estate transactions.
- A facility for regularly making or accepting offers to acquire or dispose of financial products. (correct)
Which of the following examples qualifies as a financial market?
Which of the following examples qualifies as a financial market?
- ASX, where offers to acquire financial products are made. (correct)
- An online auction site for art galleries.
- A stock exchange where only bonds can be traded.
- A peer-to-peer lending platform for personal loans.
Which characteristic is NOT associated with a financial market as per the definition provided?
Which characteristic is NOT associated with a financial market as per the definition provided?
- Serves as a facility for trading.
- Exclusively for government bonds. (correct)
- Involves financial products.
- Regularly making or accepting offers.
Which of these is NOT a financial market?
Which of these is NOT a financial market?
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How does the definition of a financial market impact investment opportunities?
How does the definition of a financial market impact investment opportunities?
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Study Notes
Corporations Act 2001 (Cth) s 767A(1): Definition of "Financial Market"
- Section 767A(1) of the Corporations Act 2001 defines a "financial market".
- A financial market is a facility where offers or invitations to buy or sell financial products occur regularly.
- The Australian Securities Exchange (ASX) and Chi-X are examples of financial markets.
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