TABLE OF CONTENTS
INTRODUCTION ………………………………………………………………………………. 2
SUPPORTING ARGUMENTS …………………………………………………………….. 3
OPPOSING ARGUMENTS …………………………………………………………………. 5
CONCLUSION …………………………………………………………………………………… 7
REFERENCE LIST …………………………………………………………………………….. 8
INTRODUCTION
According to BNM (2020), the financial system plays an important part in the economy.
Furthermore, it permits the financial intermediation process which assists the movement of the
funds between those who saves and those who lends, therefore it ensures that the financial
resources are distributed effectively towards the path of encouraging economic growth and
development. According to BNM (2020), financial stability portrays the condition where the
financial intermediation functions responsibly without any difficulty and there is an assurance
