The Main Purpose of an Economy's Financial System Is to Facilitate

question 10

Multiple Choice

The main purpose of an economy's financial system is to facilitate the transfer of funds from:

• A)financial middlemen to financial intermediaries.
• B)consumer savers to business investors.
• C)primary claimholders to secondary claimholders.
• D)lenders to financial intermediaries.

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Definitions:

Polychlorinated Biphenyls

Toxic chemical compounds that are environmentally persistent and have been used in various industrial applications.

Superfund Statute

Federal law aimed at cleaning up sites contaminated with hazardous substances and pollutants; formally known as the Comprehensive Environmental Response, Compensation, and Liability Act (CERCLA).

Strict Liability

A legal doctrine holding individuals or entities responsible for damages or harm caused by their actions, regardless of intent or negligence.

Potentially Responsible Parties

Potentially Responsible Parties (PRPs) refer to individuals or entities that may be liable for cleaning up contaminated sites under environmental laws such as the Comprehensive Environmental Response, Compensation, and Liability Act (CERCLA).