Each of the following is a special function performed by FIs at a macro level EXCEPT

Question

Quizplus · Accepted Answer

Financial Institutions (FIs) play several key roles in the economy, including the transmission of monetary policy, credit allocation, intergenerational wealth transfers (or time intermediation), and denomination intermediation. However, interbank lending and investing, while a function of some financial institutions, is not considered a special macro-level function in the context of this question. The special functions typically refer to broader economic roles that impact the overall financial system and economy, rather than the specific operational activities of financial institutions.

Each of the Following Is a Special Function Performed by FIs