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WHAT IS A FINANCIAL SYSTEM?
A financial system is a set of institutions, such as banks, insurance companies, and stock exchanges, which permit the exchange of funds between lenders (Investor) and borrowers (Issuers). The financial system also includes sets of rules to exchange funds.
A financial system is a set of institutions, such as banks, insurance companies, and stock exchanges, which permit the exchange of funds between lenders (Investor) and borrowers (Issuers). The financial system also includes sets of rules to exchange funds.
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