An Important Function of the Financial System Is

question 48

Multiple Choice

An important function of the financial system is:

• A) to direct money to the best investment opportunities in the economy.
• B) to allow the federal government to view all financial transactions.
• C) to help state governments to coordinate state tax levies.
• D) to direct the money from borrower-lenders to lender-savers.

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Definitions:

Complete Reporting

The comprehensive and accurate documentation of all aspects and findings of a study or research without omission.

Scientific Investigation

A methodological process of inquiry aimed at discovering, interpreting, and revising scientific knowledge.

Explanation

The act of making something clear or understandable by describing the relevant facts or ideas.

Description

A detailed account or explanation of the characteristics or features of something.