Question

Why is the financial
system important for
the nation's economy
and what roles do they
play?

Answer 1

Answer:

Photosynthesis - photo means light and synthesis means to build.

Photosynthesis is a process by which autotrophic organisms like green plants , the algae and chlorophyll containing bacteria utilise the energy from sunlight to synthesise their own food.

Answer 2

Answer:

Financial markets play a critical role in the accumulation of capital and the production of goods and services. ... In this way, financial markets direct the allocation of credit throughout the economy—and facilitate the production of goods and services.