Which of the Following Is a Primary Function Served by Financial

question 111

Multiple Choice

Which of the following is a primary function served by financial markets?

• A)creating new products and product lines
• B)facilitating large-scale production methods
• C)encouraging laborers to unionize
• D)implementing new production techniques
• E)discovering new markets for existing products

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Definitions:

Uniform Commercial Code

A comprehensive set of laws governing commercial transactions in the United States, aimed at standardizing practices across states.

Assignment of Accounts Receivable

The transfer of the right to collect money owed on outstanding invoices from the original creditor to another party.

Security Interest

A lien given by a debtor to his creditor to secure payment or performance of a debt or obligation.

Sale of Goods

A transaction involving the transfer of ownership of goods from the seller to the buyer for a price.