With reference to the financial market, consider the following statements:
1. Capital markets are more formal in nature than money markets.
2. Return on investments is comparatively higher in the capital market than in the money market.
3. Instruments take a longer time to attain maturity in the capital market than in the money market.
Which of the statements given above is/are correct?
1
1 and 2 only
2
2 only
3
2 and 3 only
4
1, 2, and 3
5
Answer Not Known