5 Questions
What does the financial system refer to?
Demand for and supply of funds of individuals, institutions, companies, and governments
Which components are covered under the structure of the financial system?
Assets, intermediaries, and regulatory bodies
What do developing countries' financial systems suffer from?
A lack of modern financial services and regulations
What role does the regulatory framework of the financial system perform?
Ensuring the health, soundness, and stability of the financial system
Why do governments propose laws and regulations for reshaping their financial system?
To assure its soundness, strengthen, stability, and growth
This quiz tests your knowledge about the components and functions of the financial system, including borrowing and lending of funds, financial markets, intermediaries, and regulatory bodies.
Make Your Own Quizzes and Flashcards
Convert your notes into interactive study material.
Get started for free
