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:

Frontal Lobes

Portions of the brain located behind the forehead that are responsible for complex cognitive functions, including decision making, problem solving, and controlling behavior.

Decision Making

The cognitive process of choosing between different alternatives or options to reach a conclusion or solution.

Reasoning

The process of thinking about things in a logical, rational way, in order to form conclusions, judgments, or inferences.

Sense of School Belonging

The feeling or perception of being accepted, valued, and included by others within a school environment.