Which of the Following Is NOT One of the Basic

question 29

Multiple Choice

Which of the following is NOT one of the basic roles essential for the smooth functioning of the financial system?

• A) a medium of exchange and store of value, called money
• B) a channel for mobilizing savings from numerous sources and channeling them to investors, called financial intermediation
• C) a means of transferring and distributing risk across the economy
• D) an efficient and comprehensive tax system, allowing more revenue for domestic governments

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Definitions:

Worker's Compensation

Insurance that provides wage replacement and medical benefits to employees injured in the course of their employment.

Insurance Scheme

A designed plan by an insurance company offering coverage to protect against possible eventuality.

Employment Relationships

The legal and professional connection between employers and their employees, including rights, responsibilities, and expectations.

Senior Employees

Employees with significant experience, higher positions, or long tenure within an organization, often holding leadership roles.