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Explain the major role of a financial system

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The financial system is made up of financial institutions, instruments and markets.

(a) Explain the major role of a financial system.

(b) Name and briefly explain the three major types of financial instruments that make up the financial system.

(c) Name a type of non-bank financial institution, explain the role of your non-bank financial institution in the financial system and provide an example of both a source of funds and a use of funds for the non-bank financial institution you have named.

Reference no: EM132569578

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