Financial system
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In finance, the financial system is the system that allows the transfer of money between savers and borrowers. [1]
Put another way: the financial system is a set of complex and closely interconnected financial institutions, markets, instruments, services, practices, and transactions.
[edit] See also
[edit] References
- ^ Sullivan, arthur; Steven M. Sheffrin (2003). Economics: Principles in action. Upper Saddle River, New Jersey 07458: Pearson Prentice Hall. pp. 551. ISBN 0-13-063085-3. http://www.pearsonschool.com/index.cfm?locator=PSZ3R9&PMDbSiteId=2781&PMDbSolutionId=6724&PMDbCategoryId=&PMDbProgramId=12881&level=4.
