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Indian Financial System

Indian Financial System

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Published by kkv_phani_varma5396

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Published by: kkv_phani_varma5396 on May 13, 2010
Copyright:Attribution Non-commercial


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Financial System
Finance (Noun, Verb)
 The American Heritage® Dictionary of theEnglish Language, Fourth Edition defines theterm as under-
1:"The science of the management of moneyand other assets.";2: "The management of money, banking,investments, and credit. ";3: "finances Monetary resources; funds,especially those of a government or corporatebody"4: "The supplying of funds or capital."
Financial System
Finance as a function (i.e. verb) is definedby the same dictionary as under-
1:"To provide or raise the funds or capitalfor": financed a new car2: "To supply funds to": financing adaughter through law school.3: "To furnish credit to".
:"the commercial activity of providingfunds and capital"4: "the branch of economics that studiesthe management of money and otherassets"5: "the management of money and creditand banking and investments"
Financial System
System: S
et of complex and closely connected orinterlinked institutions, agents, practices, markets,transactions, claims, and liabilities in the economy
Financial System: Money, Credit, Finance
Heart to human body: Important for Economy
A financial system functions as an intermediary andfacilitates the flow of funds from the areas of surplusto the areas of the deficit.

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