2.1 What is the Financial System? A Financial System is comprised of Markets Intermediaries service firms Regulating institutions Financial activities such as the financial decisions of households,business firms,and governments are implemented in financial systems. THE COURSE OF FINANCE 2017 SPRING SJTU 42.1 What is the Financial System?  A Financial System is comprised of  Markets  Intermediaries  service firms  Regulating institutions  Financial activities such as the financial decisions of households, business firms, and governments are implemented in financial systems. THE COURSE OF FINANCE 2017 SPRING SJTU 4