A financial system is a means of bringing together savers and borrowers.

Question

Quizplus · Accepted Answer

A financial system includes various intermediaries and institutions that facilitate the flow of funds between savers (such as households and businesses) and borrowers (such as individuals, corporations, and governments). The financial system enables savers to earn a return on their funds while providing funds to borrowers for investment and spending activities.

A Financial System Is a Means of Bringing Together Savers