The Primary Economic Function of the Financial System Is to

question 6

Multiple Choice

The primary economic function of the financial system is to

• A)keep interest rates low.
• B)provide expert advice to savers and investors.
• C)match one person's consumption expenditures with another person's capital expenditures.
• D)match one person's saving with another person's investment.

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Definitions:

E-Privacy Directive

A directive by the European Union aimed at protecting individuals' personal data and privacy in the digital environment.

European Union

A political and economic union of 27 European countries that participate in a single market allowing free movement of goods, services, capital, and people.

Data Privacy

The aspect of information technology that deals with the ability an organization or individual has to determine what data in a computer system can be shared with third parties.

Website Owners

Individuals or entities who are responsible for the management, content, and operation of a website.