Which of the following is regarded as the fourth element of the financial system?

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

Correct Answer : Option (A) - Financial services



Financial services are the economic services provided by the finance industry, which encompasses a broad range of businesses that manage money, including credit unions, banks, credit-card companies, etc.

Published On : June 27, 2021
Category : Banking