The financial system includes financial institutions,the financial markets,and _______.

Question

Quizplus · Accepted Answer

Clearing and settlements systems are essential components of the financial system as they facilitate the transfer of funds between financial institutions and enable the smooth functioning of financial markets. While pension funds, credit unions, and banks are also important parts of the financial system, they are subcategories of financial institutions.

The Financial System Includes Financial Institutions,the Financial Markets,and _______