Question: Answer the following questions based on how you understood the previous discussion. Please no copy paste your answers from the internet. 1. Why is the

Answer the following questions based on how you understood the previous discussion. Please no copy paste your answers from the internet. 1. Why is the financial system an important component of our system?

2. How may the financial system be defined? What functions are performed by the financial system?

3. What are financial instruments?

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