Which of the following is considered a major player in the financial system?
A)Banks
B)Savers
C)Businesses
D)All of these are important to the functioning of the financial system.

Question

Quizplus · Accepted Answer

All of these are important players in the financial system as they provide the essential functions of borrowing, lending, and saving money, which facilitate economic growth and development. Banks serve as intermediaries between savers and borrowers, while businesses play a vital role in generating economic activity and creating employment opportunities. Savers contribute to the supply of funds available for borrowing, which supports investment and growth in the economy.

Which of the Following Is Considered a Major Player in the Financial