Which of the following statements is TRUE? a. Finance is the provision of money when it...

Transcribed Image Text:

Which of the following statements is TRUE? a. Finance is the provision of money when it is needed. O b. Financial System is a contractual agreement in which the borrower receives something of value now and agrees to pay the lender at some date in the future with an interest. O c. Monetary policy channels household savings to the corporate sector and allocate investment funds among firms. O d. Securities are anything that is generally accepted in payment for goods and services or in the repayment of debt. Which of the following statements is TRUE? a. Finance is the provision of money when it is needed. O b. Financial System is a contractual agreement in which the borrower receives something of value now and agrees to pay the lender at some date in the future with an interest. O c. Monetary policy channels household savings to the corporate sector and allocate investment funds among firms. O d. Securities are anything that is generally accepted in payment for goods and services or in the repayment of debt.

Answer rating: 100% (QA)

The correct option is B Financial system is a contractual ... View the full answer