Discuss the different components of the Financial System and its importance
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- What is the interrelationship among financial inclusion, financial deepening and financial intermediation? Why are these concepts so important?Describe the nature of the basic services of financial institutions. What are the channels through which the financial system matches savers and borrowers.? What is a financial intermediary?Illustrate with a diagram the flow of funds from lenders to borrowers in a financial system. Diagram must include: Savers Borrowers Financial markets Function of the financial intermediaries Function of the financial markets Direct finance Indirect finance
