Answer :
According to my opinion the given statement is false.
Explanation:
- A financial market is a market in where people trade, invest money, etc.
- Economy is the state of a country or region evaluated in terms of the production and consumption of goods and services and also the supply of money.
- So there is a close relationship between financial market and economy of the country.
- Actually economy depends on the financial market
- Financial market will show the economy growth
- It encourages savings and investment and also creates links between savers and investors
- It also facilitates the expansion of financial markets.
When the economy is down it means the financial market is equally down.