Financial Markets and Institutions 1: Overview of the financial system Flashcards
1 Money 2 Financial instruments 3 Financial markets 4 Financial institutions 5 Central banks
1
Q
What are the 5 parts of the financial system
A
1 Money
2 Financial instruments
3 Financial markets
4 Financial institutions
5 Central banks
2
Q
What are the 5 core principles of the financial system
A
1 Time has value.
2 Risk requires compensation
3 Information is the basis for decisions
4 Markets determine prices and allocate resources
5 Stability improves welfare
3
Q
A
