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The financial system provides all the following services EXCEPT: Provide credit Payment services Equitably distribute wealth Provide liquidity Risk protection The function of the financial
The financial system provides all the following services EXCEPT: Provide credit Payment services Equitably distribute wealth Provide liquidity Risk protection The function of the financial system that consists of providing a means of raising funds by converting securities and other assets into cash balances is called the: savings function wealth function credit function liquidity function none of the above Following the cut in U.S. credit rating by Standard & Poor's from AAA to AA+ on August 5, 2011, Interest rates on U.S. Treasury bonds shot up sharply The stock market tumbled The stock market shot up sharply The bond market remained unchanged None of the above As a result of the 2007-2009 global financial crisis, one U.S. dollar is now more valuable than one euro. True False
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