29: The Financial System Last updated Jan 4, 2021 Save as PDF 28.4: Historical Federal Reserve Policies 29.1: Introducing the Financial System Page ID4560 BoundlessBoundless ( \newcommand{\kernel}{\mathrm{null}\,}\) Topic hierarchy29.1: Introducing the Financial SystemA financial intermediary is an institution that facilitates the flow of funds between individuals or other economic entities.29.2: Tools of FinanceThe time value of money is the principle that a certain amount of money today has a different buying power (value) than in the future.