FINANCIAL SYSTEM

 

Financial system

Financial system encompasses  a group of intermediaries which facilitates the flow of funds when areas of surplus to area of deficit. It is a combination of various Institutions, markets and laws, money managers, transactions, practices ,analysts, and clients and liabilities.

 The meaning of financial system is, it is the system which supplies the necessary financial inputs for production of goods and services which in turn promotes the well-being and the standard of living of the masses. The responsibility of the financial system is to mobilize savings in the form of money and monetary assets and invest in productive activities or  vengers.

 

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