5 Questions
What is the main function of the financial system?
Efficient and effective distribution of economic resources to achieve economic growth
What is the role of financial institutions in the financial system?
To provide various financial services and facilitate the flow of funds
What is the main purpose of distinguishing between different financial markets?
To understand the specific functions and characteristics of each market
What drives the development of economic systems according to the text?
Scarcity of economic resources
What does the financial system act as according to the text?
An intermediary facilitating fund flow from surplus to deficit parties
Test your knowledge of financial markets and institutions by answering questions on the concepts, functions, major players, financial markets, types of financial institutions, and risks faced by the financial industry.
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