What is financial system? Briefly describe the major components of the financial system.
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The financial system is composed of the products and services provided by financial institutions, which includes banks, insurance companies, pension funds, organized exchanges, and the many other companies that serve to facilitate economic transactions.There are four main components of the Indian Financial System. This includes: Financial Institutions. Financial Assets.
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Let's discuss each component of the system in detail.
Financial Institutions. ...
Financial Assets. ...
Financial Services. ...
Financial Markets.
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system of products is called financial system. minister who manage financial system is called finance minister.
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