Multiple Choice
The function of the financial system that consists of providing a means of raising funds by converting securities and other assets into cash balances is called the:
A) Savings function
B) Wealth function
C) Credit function
D) Liquidity function
E) None of the above
Correct Answer:

Verified
Correct Answer:
Verified
Q65: At the end of last year the
Q66: The liquidity function of the financial system
Q67: The financial system is rapidly evolving into
Q68: Investing in stocks, bonds or other financial
Q69: Which type of market is not part
Q71: Forward markets and futures markets serve the
Q72: Current savings for business firms are equal
Q73: Generally a business firm enters the capital
Q74: The financial service supplied by the money
Q75: A security evidencing a loan which matures