How long activities work in a financial system? Explain.
Answers
A financial system is a set of institutions, such as banks, insurance companies, and stock exchanges, that permit the exchange of funds. ... Borrowers, lenders, and investors exchange current funds to finance projects, either for consumption or productive investments, and to pursue a return on their financial assets.
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Answer:
A financial system is a set of institutions, such as banks, insurance companies, and stock exchanges, that permit the exchange of funds. Financial systems exist on firm, regional and global levels. Borrowers , lenders , and investors exchange current funds to finance projects , either for consumption or productive investments, and to pursue a return on their financial arrests. The financial system also includes sets of rules and practices that borrowers and lenders use to decide which projects gets financed , who finances projects, and terms of financial deals.