..... is regarded as the fourth element of the financial system.

BANKING GENERAL KNOWLEDGE

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

____ is regarded as the fourth element of the financial system.

A	Financial services
B	Financial markets
C	Financial institutions
D	Financial instruments

Explanation:

Detailed explanation-1: -Financial institutions and financial markets facilitate the functioning of the financial system through financial instruments. In order to fulfil the tasks assigned, they require a number of services of financial nature. Financial services are, therefore, regarded as the fourth element of the financial system.

Detailed explanation-2: -It breaks down the financial system into its six elements: lenders & borrowers, financial intermediaries, financial instruments, financial markets, money creation and price discovery.

Detailed explanation-3: -Financial systems are multidimensional. Four characteristics are of particular interest for benchmarking financial systems: financial depth, access, efficiency, and stability. These characteristics need to be measured for financial institutions and markets.

There is 1 question to complete.