The financial system consists of?
a)Specialised & non-specialised FIs
b)Organised & unorganised FMs
c)Financial Instruments
d)All of the above
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Answer:
D
Explanation:
A financial system consists of institutional units and markets that interact, typically in a complex manner, for the purpose of mobilizing funds for investment, and providing facilities, including payment systems, for the financing of commercial activity.
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