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answer quickly please 2. A) Define a financial system and discuss FOUR (4) functions of a financial system. (8 Marks) B) Asymmetric information is a

answer quickly please
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2. A) Define a financial system and discuss FOUR (4) functions of a financial system. (8 Marks) B) Asymmetric information is a form of market failure that Financial Institutions (FIS) help to protect consumers against. Highlight the TWO common implications of asymmetric information and solutions available to FIs to reduce these implications. (8 Marks) C) Comment on whether or not a small financial system can effectively reduce asymmetric information. (4 Marks)

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