Business Finance – Management -What is the cycle of money? Who participates in the cycle of money? What is the objective of a financial transaction?

Business Finance – Management

1. What is the cycle of money? Who participates in the cycle of money? What is the
objective of a financial transaction?

2. What is the difference between the primary market and the secondary market?

3. In what type of accounting system must debits always equal credits? What is the
accounting identity? What is the connection between “debits always equal credits”
and the accounting identity?

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