Give a brief note on the constituents of a financial system
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There are three main constituents of the financial system: (a) the financial assets, (b) the financial market and (c) the financial institutions. 1. Financial Assets: The financial assets or near-money assets are the claims to money and perform some functions of money.
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There are three main constituents of the financial system: (a) the financial assets, (b) the financial market and (c) the financial institutions. 1. Financial Assets: The financial assets or near-money assets are the claims to money and perform some functions of money.
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