Financial markets and financial institutions are both part of:
A) the U.S. Treasury.
B) the financial system.
C) the SEC.
D) none of the above.

Question

Quizplus · Accepted Answer

Financial markets and financial institutions are both integral parts of the financial system. The financial system refers to the set of institutions, markets, and intermediaries through which financial transactions occur. The U.S. Treasury and SEC may be involved in regulating or overseeing aspects of the financial system, but they are not the entirety of it.

Financial Markets and Financial Institutions Are Both Part Of