The main functions of the financial system include: A. Provide a means of making payments. B. Prepare to sacrifice some income to avoid uncertainty. C. Assist borrowing and lending. D. All of the above

Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter8: Current And Contingent Liabilities
Section: Chapter Questions
Problem 1MCQ
icon
Related questions
Question
Question 7
The main functions of the financial system include:
A. Provide a means of making payments.
B. Prepare to sacrifice some income to avoid uncertainty.
C. Assist borrowing and lending.
D. All of the above
Transcribed Image Text:Question 7 The main functions of the financial system include: A. Provide a means of making payments. B. Prepare to sacrifice some income to avoid uncertainty. C. Assist borrowing and lending. D. All of the above
Expert Solution
steps

Step by step

Solved in 2 steps

Blurred answer
Knowledge Booster
Uses Of Excess Cash
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, finance and related others by exploring similar questions and additional content below.
Recommended textbooks for you
Cornerstones of Financial Accounting
Cornerstones of Financial Accounting
Accounting
ISBN:
9781337690881
Author:
Jay Rich, Jeff Jones
Publisher:
Cengage Learning