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Question C2 Required: Answer ALL questions (2.1) What is a financial system? Describe THREE (3) main components of a financial system. Name and explain TWO

Question C2 Required: Answer ALL questions (2.1) What is a financial system? Describe THREE (3) main components of a financial system. Name and explain TWO (2) examples for each of the three components. [20 marks] (2.2) What is FinTech? Give THREE (3) examples of the innovation of financial services and discuss the benefits they bring to the finance industry growth. [20 marks) [Total 40 marks)

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