August 2018
Beginner
312 pages
10h 32m
English
The global financial system is a complex system of products, markets, institutions, transactions, legal systems, rules and regulations. A major anchor of the financial system is the financial intermediation by which money flows from those who have a surplus of it to those who have a shortage in an efficient manner and with benefits for both parties, as well as the intermediaries in the middle. The financial intermediaries include banks, as well as credit unions, insurance companies, investment companies, finance companies, brokers, stock exchanges, mutual funds, pension funds, etc. Other participants directly involved with the financial system are governments and their treasury, ...