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  • FInancial SYstem

    Transféré par

    Hannah Villanueva
    20 vues1 page
    The financial system is a network that provides funds to various groups through financial institutions, markets, and government agencies. It includes financial claims, institutions like banks, markets, and influencing organizations like the IMF and World Bank. Financial institutions perform important functions like credit analysis, matching funds supply and demand, and providing liquidity. Reforms are often recommended by international groups to adapt the system, but a central bank's role in less developed countries should also focus on improving living standards and promoting growth with social justice.

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    The financial system is a network that provides funds to various groups through financial institutions, markets, and government agencies. It includes financial claims, institutions like banks, markets, and influencing organizations like the IMF and World Bank. Financial institutions perform important functions like credit analysis, matching funds supply and demand, and providing liquidity. Reforms are often recommended by international groups to adapt the system, but a central bank's role in less developed countries should also focus on improving living standards and promoting growth with social justice.

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    © All Rights Reserved
    Téléchargez comme DOCX, PDF, TXT ou lisez en ligne sur Scribd
    Signaler comme contenu inapproprié
    20 vues1 page

    FInancial SYstem

    Transféré par

    Hannah Villanueva
    The financial system is a network that provides funds to various groups through financial institutions, markets, and government agencies. It includes financial claims, institutions like banks, markets, and influencing organizations like the IMF and World Bank. Financial institutions perform important functions like credit analysis, matching funds supply and demand, and providing liquidity. Reforms are often recommended by international groups to adapt the system, but a central bank's role in less developed countries should also focus on improving living standards and promoting growth with social justice.

    Droits d'auteur :

    © All Rights Reserved
    Téléchargez comme DOCX, PDF, TXT ou lisez en ligne sur Scribd
    Signaler comme contenu inapproprié
    sur 1

    The Financial System is a network of various institutions.

    It is an important
    component of the economy because it provides funds to consumers, producers and
    traders.
    The Elements of the Financial System are:
    o

    Financial Claims

    Financial Institutions

    Financial Markets

    Government Agencies

    Law and Policies

    The Functions of Financial Institutions are:


    o

    Investigation and Credit Analysis

    Matching Demand and Supply of Funds

    Provision for Liquidity

    Financial reforms were introduced to fit the changing needs of the financial system.
    However, many of these reforms were recommended by IMF(International Monetary
    Fund).
    Branches and offices of the largest transactional banks to their business in the
    Philippines. Even WORLD BANK, INTERNATIONAL MONETARY FUND and ASIAN
    DEVELOPMENT BANK have great influence in our Financial System as well as the
    national economy.
    The job of the Central Bank should not only achieve monetary stability. In a less
    developed country like Philippines, the Central Bank should use its resources more
    towards the upliftment of the standard of living of the poor. Economic Growth with
    social justice must be the fundamental program of any Central Bank in a poor
    society.

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