- CFA Exams
- 2025 Level I
- Topic 5. Equity Investments
- Learning Module 1. Market Organization and Structure
- Subject 8. Well-Functioning Financial Systems
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Subject 8. Well-Functioning Financial Systems PDF Download
Well-functioning financial systems have the following characteristics:
A well-functioning financial system promotes wealth by ensuring that capital allocation decisions are well-made. It also promotes wealth by allowing people to share risks associated with valuable products that would otherwise not be undertaken.
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