Question

what is financial system? illustrate with the help of an example.

Answer 1

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.

Answer 2

Explanation:

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Financial System; A financial system is a network of financial services to facilitate financial institutions, financial markets, financial instruments and transfer of funds. The system consists of savers, intermediaries, end users of equipment and funds.