A financial system comprises a range of financial institutions, financial instruments and financial markets which interact to facilitate the flow of funds through the financial system. Overseeing the financial system, and sometimes taking a direct role, is the central bank and/or the prudential supervisor. There are four participants in the financial system such as lenders, borrowers, financial intermediaries and regulatory bodies.
Firstly, lenders are a saving surplus unit is one whose incom...
Approximate word count: 967
Approximate pages: 4 (250 words per
double-spaced page) |