Question

what do you mean by financial system. Explain with in more than 100 words ​

what do you mean by financial system. Explain with in more than 100 words 


0 0
Add a comment Improve this question
Answer #1

Ans) Financial system refers to a set of activities, which facilitate transfer of resources from savers to borrowers. It is an institutional framework existing in a country to enable financial transactions. it comprises of financial institutions, financial markets, financial instruments and financial

services. This system provides for regular, smooth, efficient and cost effective linkage between depositors and investors. Unorganised financial markets are also part of the financial system. These are interdependent components.



answered by: anonymous
Add a comment
Know the answer?
Add Answer to:
what do you mean by financial system. Explain with in more than 100 words ​
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions
ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT