🎴 Flashcard Mode
Financial System
Card1 / 15
Mastered0
Review0
QuestionClick to flip
What is the primary function of a financial system?
AnswerClick to flip back
A
To allocate financial resources efficiently.
💡 Explanation:
The primary function of a financial system is to allocate financial resources from those who have surplus funds (savers) to those who need them (borrowers), in a manner that promotes economic growth and development.