The ultimate role of the financial system of a country is to:

Question

Quizplus · Accepted Answer

The primary role of the financial system is to facilitate production, employment, and consumption, which means to support economic growth and development. While options A, B, and D may be relevant functions of the financial system, they are not its ultimate purpose. Providing a place for wealthy households to save or being a low-cost source of funds for the government are ancillary benefits of a well-functioning financial system. Providing jobs in the financial sector is also not the ultimate goal of the financial system but rather a byproduct of its existence.

The Ultimate Role of the Financial System of a Country