FINANCIAL MARKETING USING “R”
Each nation's financial system, which is also frequently referred to as the country's financial sector, is made up of non-specialized and specialized financial institutions, organized and unstructured financial markets, financial instruments and services that make it simpler to transfer money around, and so on. In addition to this, the system is comprised of the conventions and rituals that have come to be practiced across the many different markets, in addition to the interrelationships that are present within the financial industry. Additionally, the system is comprised of the interrelationships that are present within the financial industry. These components do not have to be inherently incompatible with one another; for instance, financial institutions do business in financial markets, and as a consequence, they are a component of such markets. Yet, there are situations when these components cannot coexist with one another because they are incompatible. The term "financial system" refers to the collection of intricately connected or interwoven organizations, actors, activities, markets, transactions, claims, and liabilities that are involved in the economy. The collection is denoted by the term "system," which is what is meant by the phrase "financial system." The phrase "financial system" was not coined until the 18th century, although its roots go back far further. Money, credit, and finance are three distinct concepts that are equally important to the problem of the current financial system, despite the strong connection that exists between them. Therefore, despite the fact that they are connected to one another in a way that is rather close, they cannot be substituted for one another. When people talk about "money," they are referring to the medium of trade or means of payment that is used the most. A credit or loan is a quantity of money that must be returned, often paired with interest; it refers to a debt that is due by an economic unit. This might be in the form of a credit card, a personal loan, or a business loan.