Trusted by millions of Kenyans
Study resources on Kenyaplex

Get ready-made curriculum aligned revision materials

Exam papers, notes, holiday assignments and topical questions – all aligned to the Kenyan curriculum.

Describe The Financial System

Describe The Financial System

Answers


Wilfred
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

Answer Attachments

Exams With Marking Schemes

Related Questions