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

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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

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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

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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

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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

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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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