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Definitions

Define the following terms using your text or other resources. Cite all resources consistent with APA guidelines.

|Term |Definition |Resource you used |
|Time value of money |one of the basic theories of financial management |http://smallbusiness.chron.com/define-time-value-money-|
| |which states, the value of money you have now is |876.html |
| |greater than a reliable promise to receive the | |
| |same amount of money at a future date | |
|Efficient market |Market where all pertinent information is |http://www.businessdictionary.com/definition/efficient-|
| |available to all participants at the same time, |market.html |
| |and where prices respond immediately to available | |
| |information. Stockmarkets are considered the | |
| |best examples of efficient markets. | |
| | | |
|Primary versus secondary market|Both the primary market and secondary market are |http://finance.mapsofworld.com/capital-market/primary-v|
|

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