Three Essential Needs of a Well-Operating Financial System Include All

question 94

Multiple Choice

Three essential needs of a well-operating financial system include all of the following except

• A) an efficient national payments system.
• B) an elastic or flexible money supply.
• C) a bank insurance system.
• D) a lending/borrowing mechanism.

---

Definitions:

Difference Threshold

is the minimum detectable difference between two sensory stimuli, also known as the just noticeable difference (JND), essential in sensory and perception studies.

Weber's Threshold

A principle in psychology that states the change in a stimulus that will be just noticeable is a constant ratio of the original stimulus.

Umami

One of the five basic tastes, alongside sweet, sour, bitter, and salty, associated with the flavor of glutamates and nucleotides.

Monocular Cues

Visual information that can be perceived with one eye alone that aids in the perception of depth and distance.