Three essential needs of a well-operating financial system include all of the following EXCEPT:
A. an efficient national payments system
B. an elastic or flexible money supply
C. a bank insurance system
D. a lending/borrowing mechanism
Answer:C
Three essential needs of a well-operating financial system include all of the following EXCEPT:
A. an efficient national payments system B. an elastic or flexible money supply C. a bank insurance system D. a lending/borrowing mechanism