1: Financial ConceptsYour niece just started her college career with a major in economics. She is curious as to the interrelationship between the success of an economy and the financial markets concepts and financial institutions. Accordingly she has developed a list of questions addressing these issues and has asked that you explain the ideas.She is also curious about the time value of money concepts. Specifically she has the following questions about these concepts:Deliverables:Due Thursday26th 18:00