Which of the following is NOT one of the basic roles essential for the smooth functioning of the financial system?
A) a medium of exchange and store of value, called money
B) a channel for mobilizing savings from numerous sources and channeling them to investors, called financial intermediation
C) a means of transferring and distributing risk across the economy
D) an efficient and comprehensive tax system, allowing more revenue for domestic governments
Correct Answer:
Verified
Q3: IDs and Paired-Concept Questions
These terms can be
Q4: IDs and Paired-Concept Questions
These terms can be
Q5: Which of the following is essential to
Q6: IDs and Paired-Concept Questions
These terms can be
Q7: Policies for financial deepening seek to promote
Q9: A floating exchange rate allows developing countries
Q10: Which of the following is NOT a
Q11: IDs and Paired-Concept Questions
These terms can be
Q12: What,particularly in a developing country,is the most
Q13: Total liquid liabilities (M3),the broadest measure of
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