Question

Give a brief note on the constituents of a financial system

Answer 1

Answer:

Explanation:

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.

Answer 2

Answer:

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.