Which is the major part of financial system
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A modern financial system may include banks public sector or private sector financial markets, financial instruments and financial services and the financial systems allow funds to be allocated, invested or moved between economic sectors. They enable individuals and companies to share the associated risks and is a set of institutions such as banks, insurance companies and stock exchanges that permit the exchange of funds.
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A modern financial system may include banks (public sector or private sector), financial markets, financial instruments, and financial services. Financial systems allow funds to be allocated, invested, or moved between economic sectors. They enable individuals and companies to share the associated risks.
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