Question No. 1: &nbsp

Question No. 1:

Draw a figure showing the five parts of the Financial System and explain them in detail.

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Expert Solution

Five parts of financial system

Money
It is the primary medium of exchange of goods and services. It is the standard unit of measurement of any country.However money loses its value over the time due inflation.

Financial Instruments
It is a contract where one party is obligated to another party for exchange of money or any other asset. These contracts are transferable from one person to another. Ex bonds , Debenture or share

Financial Markets
These are the market where the financial instruments are traded. Financial markets can be divided into primary and secondary market. When the instruments are issued for the first time they are issued in primary market and further these are traded among the investor through the secondary market. Secondary market provides liquidity to the financial instruments.

Financail Instruments
Financial Institutions are firms that connect borrowers and lenders, provide savers and borrowers access to financial instruments & markets. Ex Banks

Central Banks
Each country has its own central Bank which monitors the state of the economy and manages the monetary policy of the country.

ekkarill92 answered 2 years ago

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