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The financial system can be described as a whole system of all institutions, individuals, markets and regulatory authorities that exist and interact in a given economy. The institutions and individuals form the participants in various markets; money (including
foreign exchange) and capital markets (including security) markets. The participant buy (borrow) and sell (lend) money to different parties at a price (interest or dividend) within the market, which is determined by the forces of demand and supply. The main regulatory are the Central Bank and Capital Market Authority
Wilfykil answered the question on March 8, 2019 at 12:11
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