The U.S. financial system is composed of: (1) policy makers, (2) a monetary system, (3) financial institutions, and (4) financial markets.

Indicate which of these components is associated with each of the following rolesand explain who it facilitates the activity:

a. accumulate and lend/invest savings

b. create and transfer money

c. pass laws and set fiscal and monetary policies

d. market and facilitate transfer of financial assets