The main role of financial systems is to:
A) make the capitalist class richer.
B) provide credit cards to as many people as possible.
C) channel goods and services to the people willing to pay for them.
D) channel funds from savers into investments.
Correct Answer:
Verified
Q139: From the standpoint of economic growth, banks
Q192: A household's wealth is:
A) what it earns
Q193: Transaction costs are the:
A) return to an
Q194: A risk-averse person:
A) considers any risk unacceptable.
B)
Q195: Which item qualifies as an asset from
Q198: The value of all accumulated savings of
Q199: A liability is:
A) having wronged someone and
Q200: A financial asset is:
A) a physical asset
Q201: Which asset is the MOST liquid?
A) a
Q202: The term liquidity means that the:
A) asset
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents