Difference between revisions of "Financial System"
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== Components of a financial system == | == Components of a financial system == | ||
− | * [[Bank | Banking]] | + | * [[Bank | Banking]] (Both [[Lending]] and [[Savings]] |
* [[Pensions]] | * [[Pensions]] | ||
* [[Insurance]] | * [[Insurance]] |
Revision as of 12:45, 14 February 2024
Definition
The financial system is the totality of infrastructure, laws and regulations and economic agent behaviors that enable diverse participants in an economy to exchange funds in support of economic transactions, engage in trading, transfer risk etc.
Components of a financial system