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Q:

The primary Economic function of the Financial system is to

A) Providing experts advice to investors and savers B) Match one person's savings with another person's investment
C) Keeping interest rates low D) Match one person's consumpion expenditure with another person's capital expenditure

Answer:   B) Match one person's savings with another person's investment



Explanation:

The primary Economic function of the Financial system is to match one person's savings with another person's investment.

 

The_primary_Economic_function_of_the_Financial_system_is_to1556258311.png image

 

* As a key component of the financial system, banks allocate funds from savers to borrowers in an efficient manner.

* They provide specialized financial services, which reduce the cost of obtaining information about both savings and borrowing opportunities.

* These financial services help to make the overall economy more efficient.

Subject: Bank Interview
Exam Prep: CAT , Bank Exams , AIEEE
Job Role: Bank PO , Bank Clerk , Analyst
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Answer & Explanation Answer: A) Increase in asset account

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A debit can signify an increase in asset, an expense, and the owner's drawings. A debit can also signify a decrease in a liability, revenues and owner's equity.

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Which of the following terms is not used in banking sector?

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Financial statements can be prepared from the Adjusted trial balance. A trial balance is a report containing list of all the general ledger accounts i.e, debits and credits contained in the ledger of a business. The types of trial balance include : Unadjusted trial balance, Adjusted trial balance and the Post- closing trial balance.

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A commercial bank is a financial body which performs the functions of accepting deposits from the general public and giving short term loans for investment with the aim of earning profit.

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