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Questions and Answers
What is the main function of well-functioning financial markets?
What is the main function of well-functioning financial markets?
- Eliminate the need for indirect finance
- Cause inflation
- Cause an efficient allocation of capital (correct)
- Produce financial crises
Which item is not considered one of the five parts of the Financial System?
Which item is not considered one of the five parts of the Financial System?
- Money
- Financial Markets
- Central banks
- Credit cards (correct)
What characteristic is common to every financial market?
What characteristic is common to every financial market?
- It allows common stock to be traded
- It determines the level of interest rates
- It allows loans to be made
- It channels funds from lenders-savers to borrowers-spenders (correct)
The New York Stock Exchange is an example of:
The New York Stock Exchange is an example of:
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What is a bank an example of?
What is a bank an example of?
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