A basic requirement for an effective financial system is a monetary system that performs which of the following financial functions?
A) formation and transferring of money
B) storing gold and silver to back up money
C) creating jobs
D) transferring real assets

Question

Quizplus · Accepted Answer

A monetary system that can form and transfer money is a necessary financial function for an effective financial system. This helps facilitate economic transactions and allows individuals and businesses to access and use money as a medium of exchange. Storing gold and silver to back up money or transferring real assets are not necessarily requirements for a financial system to function effectively, and creating jobs is not directly tied to the financial system.

A Basic Requirement for an Effective Financial System Is a Monetary