Essay: The Financial System

Authors

  • Dr. Gaurav Goyal Senior Faculty, BBA Department, I. P. College, Bulandshahr.

Keywords:

Financial System, India, Indian Economy

Abstract

inancial assets represent claims against the future income and wealth of others. Financial liabilities, the counterparts of financial assets, represent promises to pay some portion of prospective income and wealth to others. Financial assets and liabilities emanate from the basic process of financing. They distribute the returns and risks of economic activities to a variety of participants. The important financial assets and liabilities, claims and promises to a variety of participants.

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Published

01-11-2008

How to Cite

Goyal, G. (2008). Essay: The Financial System. Journal of Commerce and Trade, 3(2), 86–88. Retrieved from https://jctindia.org/index.php/jct/article/view/o08-gg

Issue

Vol. 3 No. 2: October 2008

Section

Research Paper

License

Copyright (c) 2008 Dr. Gaurav Goyal

Creative Commons License

This work is licensed under a Creative Commons Attribution 4.0 International License.

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