1. Discuss the meaning of financial system. What is its importance to the nation?
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The economic expansion of any country depends upon the existence of a well-ordered financial system. It helps in the creation of wealth by linking savings with the investment. The financial system is an organized and regulated structure where an exchange of funds takes place between the lender and the borrower.
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The economic expansion of any country depends upon the existence of a well-ordered financial system. It helps in the creation of wealth by linking savings with the investment. The financial system is an organized and regulated structure where an exchange of funds takes place between the lender and the borrower
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