Which of the Following Functions Does Not Require Financial Markets

question 87

Multiple Choice

Which of the following functions does not require financial markets?

• A)transporting of cash across time
• B)provision of liquidity
• C)risk reduction by investment in diversified portfolios
• D)provision of pricing information

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Definitions:

Accept Goods

The act of receiving or taking delivery of goods in a manner that conforms with the terms of a contract.

Nonconformity

A deviation or failure to meet specified standards, often relating to quality or performance in products or services.

Replace Defective

The process of substituting goods or services that are flawed or do not meet the contractual specifications.

Commercial Unit

A standard of goods or products that are considered as a single whole for purposes of sale and division, often relevant in transactions and legal contracts.