MONEY: The Nigerian Financial System
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PREFACE TO THE 2ND EDITION
The role of money in the development of the economy in general and the financial system in particular cannot be over emphasized. Essentially, the articles of trade in the financial system are those things that make up money. The development of money transaction is grossly influenced by the financial system. The type of instruments in use as money in an economy informs how developed or underdeveloped its financial system is.Therefore, it is obvious that Money and financial system are highly interrelated and co-related.
According to Igwenma (1997) the both are twin brothers that cannot exist without each other. Unfortunately, most texts in this area of study have been written without much thought to this high co-relationship. We are poised to bridge,this gap. This second: edition of MONEY AND THE NIGERIAN FINANCIAL SYSTEM represents our effort to provide a meaningful text for students and practitioners who are interested in learning not only the theories and concepts of money but also the practice of the ever dynamic Nigerian Financial System.
Interestingly, we are not obvious of our responsibility to communicate effectively to our rather hetreogenous readers. Consequently, the book has been arranged for easy understanding, to serve as an introduction and advance course for: practitioners and to satisfy the National Universities Commission (NUC) course requirements for students in the social and management sciences. We have, therefore, designed this text into two major parts: Part One and Part Two