FinMar

A group of financial institutions and financial markets that creates financial instruments and financial services

Serves as a channel to transfer funds from individuals, private or public companies, and government agencies

What are the basic functions of the Financial System?

May be defined as the diversified financial activities being performed by the different economic units whose activities are so closely related to each other.

It provides financial service conglomerates that combine investment banking, commercial banking, development banking, and insurance to encompass a wider variety of services.

These banks are primarily concerned with the mobilization of savings and loans, and provide short-term working capital, medium, and long-term financing.

It is a retail and commercial bank organized on a cooperative basis

It has the function and purpose of conventional banking

Is a financial institution controlled by the government. This kind of bank plays a special role in the economic deployment of one country.

It is an enterprise whose function is to underwrite securities of another person or enterprise, including securities of government and private companies.