Finance School of management Financial System The financial system is defined as the set of markets and other institutions used for financial contracting and the exchange of assets and risks The ultimate function of the system is to satisfy people's consumption preferences uesTc9 Finance School of Management Financial System ❖ The financial system is defined as the set of markets and other institutions used for financial contracting and the exchange of assets and risks. ❖ The ultimate function of the system is to satisfy people’s consumption preferences