Company Account - Financial System: Definition - SS2 Accounting Past Questions and Answers - page 1
1
Which of the following is a part of the financial system?
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A
Banks
B
Supermarkets
C
Hospitals
D
Parks
2
What is the role of the financial system?
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A
To transfer money and financial assets
B
To provide healthcare services
C
To manufacture goods
D
To provide transportation services
3
Which of the following is an example of a financial intermediary?
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A
Supermarkets
B
Insurance companies
C
Schools
D
Restaurants
4
What is the function of the financial system?
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A
To promote economic growth and stability
B
To provide healthcare services
C
To manufacture goods
D
To provide transportation services
5
Which of the following is NOT a part of the financial system?
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A
Banks
B
Stock exchanges
C
Bond markets
D
Supermarkets
6
What are the main components of the financial system?
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7
What is the importance of the financial system in the economy?
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