Financial System Crossword

Financial markets issue claims on individual borrowers directly to savers
Financial institutions or intermediaries act as go-betweens by holding a portfolio of assets and issuing claims based on that portfolio to savers
firm tend to acquire a large chunk of equities from in a new firm, and sit on the firm's board of directors to observe management's actions closely. When
.......market is for the trading of new securities never before issued.
....a sale of equity or debt in primary market
....... market is a financial market where only short-term debt instruments (maturity less than one year)
....... market, is designed to trade contracts calling for the future delivery of financial instruments.
.....are security traded in Debt Market
Markets that trade debt (bonds) and equity (stock) instruments with maturities of more than one year
...........perform the essential function of channeling funds from those with surplus funds to those with shortages of funds