Which of the Following Statements Best Describes the Economist's View

question 1

Multiple Choice

Which of the following statements best describes the economist's view of finance and the financial system?

• A)The financial system is very important to the functioning of the economy,and the tools of finance are often helpful to us as individuals when we find ourselves making certain decisions.
• B)The financial system,while interesting,is not very important to the functioning of the economy;however,the tools of finance are often helpful to us as individuals when we find ourselves making certain decisions.
• C)The financial system is very important to the functioning of the economy;however,the tools of finance are not particularly helpful to us as individuals since we seldom make decisions for which those tools are useful.
• D)The field of finance is intimately concerned with the financial system and the tools of finance,and financial economists see great importance in them;however,the "mainstream" economist sees little value in studying financial markets or the tools of finance.

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Definitions:

Ethnomethodological

A perspective focusing on the ways individuals use everyday conversation and gestures to construct a shared sense of order and reality.

Conversational Analysis

A methodological approach in sociology that studies the ways in which conversation and interpersonal communication are structured and have meaning.

Nonverbally

Pertaining to communication or the conveyance of ideas and feelings without the use of spoken words, such as through body language, gestures, and facial expressions.

Accounting

The systematic recording, reporting, and analysis of financial transactions of a business or individual.