Financial stability is when one is able to supply themselves their needs and some wants. For example, the person is able to supply food, shelter, and clothing for themselves. However, they are also able to supply their smartphone bill as well.
Financial stability is<span> a state in which the </span>financial<span> system, i.e. the key </span>financial<span>markets and the </span>financial<span> institutional system is resistant to economic shocks and is fit to smoothly fulfil its basic functions: the intermediation of </span>financial<span> funds, management of risks and the arrangement of payments.</span>