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Tyrion Lannister has been appointed the new Master of Coin in Westeros. As he goes...

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Finance

Tyrion Lannister has been appointed the new Master of Coin in Westeros. As he goes over the records, Lord Tyrion realizes that the Westerosi economy is propped up by a huge loan from the Iron Bank of Braavos, which is a financial institution with a thousand shareholders. Lord Tyrion advises King Joffrey to set up a financial market in Westeros but the King is opposed to this idea. a) Please explain to King Joffrey what a financial market is. Explain as if you were speaking to a child (a petulant one, perhaps). b) Now, explain to King Joffrey why a kingdom needs a financial market.

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