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QUESTION
What are the key elements of a financial system in general and why is it important to have a well-functioning financial system?
What are the key elements of a financial system in general and why is it important to have a well-functioning financial system? List some of the instruments, markets and institutions that allow the Australian financial system to operate as efficiently as it does.
6758838The key elements of a financial system in general are –1) Money – this refers to the currency or bank deposits or anything which can be used in lieuthereof.2) Financial Markets –...