The main purpose of an economy's financial system is to facilitate the transfer of funds from:

Question

Quizplus · Accepted Answer

The financial system's primary purpose is to facilitate the transfer of funds from consumer savers to business investors. This is achieved through financial intermediaries such as banks, insurance companies, and investment firms that act as the bridge between savers and borrowers. The financial system's overall goal is to allocate funds efficiently to support economic growth and development.

The Main Purpose of an Economy's Financial System Is to Facilitate