Which of the following are functions of a financial system? Can be more than one....

60.1K

Verified Solution

Question

Accounting

Which of the following are functions of a financial system? Can be more than one.

1. The operation of a payment system

2. Providing the means of portfolio adjustment

3. Helping to reduce unemployment

4. Channelizing funds between lenders and borrowers

5. Helping speculators to bet on price movements

I'm pretty sure 1, 2 and 4 are the answers.

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students