| Name: | Test bank for Financial Markets Institutions and Money 3rd Edition by Mark Brimble |  |
|---|---|---|
| ISBN: | 1118384113 ISBN-13: 9781118384114 | Author: | by Mark Brimble, Anup Basu, Liam Lenten |
| Edition/Type: | 3rd Edition/Test bank | |
| Format: | Word Zip/All chapter include | |
| Size: | 1.8MB |
The financial system is a key influencer of the health and efficiency of an economy. The role of the financial system is to gather money from people and businesses that currently have more money than they need and transfer it to those that can use it for either business or consumer expenditures. This flow of funds through financial markets and institutions in the Australian economy is huge (in the billions of dollars), affecting business profits, the rate of inflation, interest rates and the production of goods and services.
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