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1 INTRODUCTION TO FINANCIAL SYSTEM & FINANCIAL MARKET.docx
- Exam (elaborations) • 8 pages • 2024
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DEFINITION OF FINANCIAL SYSTEM 
- Financial system deals with the financial transactions and the exchange of money between savers, 
investors, lenders and borrowers. 
- Financial System are made of different intricate and complex models 
that link financial institutions and markets to provide financial 
services for various stakeholders operating in the financial system 
like depositors, lenders, borrowers, government and others. 
- The financial system is concerned about money, credit, and fina...
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