The Financial System Consists of

question 94

Multiple Choice

The financial system consists of

• A)all the securities, intermediaries, and markets that exist to match savers and borrowers.
• B)all transactions occurring in the goods market during a financial year.
• C)all markets that exist to match the buyers and suppliers of various factors of production.
• D)all transactions involving the government.

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Definitions:

Technological Progress

The advancement and innovation in technology, leading to more efficient processes, improved products, and overall economic growth.

Unemployment

The state of being without a job despite actively seeking work, reflected as a percentage of the labor force.

National Standard

Officially recognized guidelines or specifications set by a country, covering various aspects such as quality, safety, and efficiency.

Technological Improvements

Enhancements or advancements in technology that increase productivity or efficiency in processes, products, or services.