English, asked by Firdoushasankazmi, 1 month ago

what do you mean by
financial system?

Answers

Answered by haswithamandadapu

2

Answer:

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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