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:

Consumption

The use of goods and services by households, an activity that provides utility to consumers and drives demand in the economy.

Borda Count

A voting system where voters rank options in order of preference, and options are awarded points based on their rank position in each vote.

Candidates

Individuals who are considered for a position, role, or opportunity, often in the context of elections, job openings, or competitions.

Voters

Individuals who are eligible and participate in an election process to choose representatives or make decisions in referenda.