This is a 6th class o f financial managements. We are going to talk about financial economic, as I mentioned and explained in the first lecture it is the same as financial system. Financial market has financial market, financial make has a very simple meaning, where the people buy and sale the financial instruments, now what is the meaning of financial instrument? It can be a claim for asset and they can be assets, for example this money in my pocket is a asset for me and at the same time it is a liable for the central bank, so that ins a contract it is the asset and the liability for the other side of the contract.
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