Question

A set of complex and closely connected instructions, agents, practices, markets transactions, claims and liabilities relating to financial aspects of an economy is referred as: _____. *

a. Financial system
b. Financial market
c. Financial institution
d. Share Market

Answer 1

Answer:

i think share market is the right answer

Answer 2

A set of complex and closely connected instructions, agents, practices, markets transactions, claims and liabilities relating to financial aspects of an economy is referred to as (a) Financial system.

Explanation:

• The financial system is a set of institutions like insurance companies, stock exchanges, banks that allow us to transfer funds.
• Financial systems are regional, global and institutional.
• Borrowers, lenders and investors exchange the current funds to finance consumption or production investments and to generate returns on their financial assets.    
• It covers the rules and procedures that borrowers, lenders use to determine which projects are being funded, who is financing the projects, and the terms of financial agreements.
• It can be organized using planning, central and markets.