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What is called as banks and financial systems |
| Answer» <html><body><p>tion:A '<a href="https://interviewquestions.tuteehub.com/tag/financial-988642" style="font-weight:bold;" target="_blank" title="Click to know more about FINANCIAL">FINANCIAL</a> system' is a system that allows the <a href="https://interviewquestions.tuteehub.com/tag/exchange-454713" style="font-weight:bold;" target="_blank" title="Click to know more about EXCHANGE">EXCHANGE</a> of funds between lenders, investors, and borrowers. Financial <a href="https://interviewquestions.tuteehub.com/tag/systems-1237607" style="font-weight:bold;" target="_blank" title="Click to know more about SYSTEMS">SYSTEMS</a> operate at <a href="https://interviewquestions.tuteehub.com/tag/national-21808" style="font-weight:bold;" target="_blank" title="Click to know more about NATIONAL">NATIONAL</a> and global levels. ... A modern financial system may include banks (public sector or private sector), financial markets, financial instruments, and financial services.</p></body></html> | |