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Economics of Development and Planning — Economics STD 12 — Question

Tamilnadu BoardEnglish MediumSTD 12EconomicsEconomics of Development and Planning3 Marks
Question
Define “Financial system.”?
✓

Answer

Financial System:
  1. Financial system implies the existence of an efficient and organized banking system in the country.
  2. There should be an organized money market to facilitate easy availability of capital.

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