FINANCIAL SYSTEM IN SRI LANKA
A financial system is a system that allows the exchange of funds between lenders and borrowers. Every financial system operates at national and global levels of an economy. They consist of complex and closely related services, markets and institutions intended to provide an efficient and regular linkage between investors and depositors. The financial system of a country includes various units which relates to the payment system of that country through money transactions. Therefore, financial development of a country depends on the development of the money and money transactions of that country. Components of a Financial System Functioning of a financial system in a country is reflected by some sections of an economy. Those are, · Circulation of Money and Central Bank · Financial Instruments and Financial Markets · Financial Institutions · Payments and Settlements Systems