Which of the following is NOT a key financial service provided by the financial system?
A) risk sharing
B) profitability
C) liquidity
D) information

Question

Quizplus · Accepted Answer

While profitability is certainly an important goal for banks and other financial institutions that make up the financial system, it is not a service provided by the financial system itself. The key financial services provided by the financial system are risk sharing, liquidity, and information. Risk sharing allows different individuals and institutions to share the risks associated with investments, while liquidity refers to the ability to easily convert assets into cash. Information is also a key service provided by the financial system, as it helps investors make informed decisions about where to invest their money.

Which of the Following Is NOT a Key Financial Service