For this task you are required to demonstrate your knowledge of the different financial markets and systems.

For the financial markets and systems listed in the table below:

• Describe the system (what it is) and
• Explain its role (what it does) - a minimum of two (2) points is required.

Please use your own words when providing your answers.

An example describing the tax system has been provided for you.

Financial market/system	Description	Role (what it does) - minimum of two (2) points
Tax system	The tax system is the set of rules and regulations used by a government to assess and collect tax monies. This money is redistributed by the government to pay for government services.	Provides for collection of monies by the government for re-distribution to pay for government services. To provide a system of paying for public goods and services that is supposed to ensure that each person/entity is taxed on the basis of their ability to pay and all pay their 'fair' share.
Share market
Bond market
Insurance market
Lending services
Blockchain