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Explain why the existence of financial institutions can allocate financial resources better!
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- A successful entrepreneur may need a support of banking institutions and Non- banking financial institutions. Being an entrepreneur, which non- banking financial institutions help is required to run the business smoothly?What is the significance of financial markets in the country’s economy?Identify which item is not one of the six parts of the financial system. a. Credit cards b. Financial institutions c. Central banks d. Financial markets
- Explain the difference between financial institutions and financial markets, please give examples.Which of the following explains the relevance of financial institutions? a. Financial institutions spur economic activity by providing credit for business expansion. b. Financial institutions create profits for depositors. c. Financial institutions allow governments to print money. d. Financial institutions provide the main source of funding for start-ups.What are the different Financial Intermediaries and explain how they carry out the objectives of the financial system?
- Identify which item is not one of the six parts of the financial system. Answer a. Credit cards b. Financial institutions c. Central banks d. Financial marketsEconomists assert that financial markets serve the function of efficiently allocating capital. What is meant by the function? Explain and include an example.Which of the following is NOT typically a role for a financial intermediary...? make public financial statements of borrowers evaluate the riskiness of lending to borrowers pool funds from lenders monitor the financial conditions of borrowers