The purpose of a financial sector is ________.
A) to enable consumers to make purchases before receiving income
B) to ensure that retirees have a source of income
C) to direct available funds to worthy opportunities
D) to create and to promote the trading of assets
Correct Answer:
Verified
Q7: Commercial banks are financial intermediaries,as are _.
A)household
Q8: Which of the following is not a
Q9: An asset is _.
A)equal in value to
Q10: Nonfinancial businesses may acquire funds by borrowing
Q11: Approximately 60 percent of the funds flowing
Q13: Which of the following statements is correct?
A)assets
Q14: A financial market where economic agents meet
Q15: Pension funds _.
A)acquire access to funds by
Q16: Hedge funds _.
A)acquire access to funds by
Q17: Finance companies _.
A)acquire access to funds by
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