1.) What is a financial Policy?
A financial policy is a set of principles use in the regulation, controlling and oversight of the
financial and payment systems. Financial policies are used in the financial markets i.e. in the
money and commodity markets. The application of financial policies has the following pros
among others; Promotes market efficiency ensures all players in the financial market have a fair
and equal playing ground and enhances consumer protection (Brennan 52).
2.) Purpose of a Fina...