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Checkpoint Questions 4.1
Checkpoint Questions 4.1
1x
Financial Programming and Policies, Part 1: Macroeconomic Accounts & Help yvesdusabirema
Analysis
Course Progress Dates Discussion Glossary Course Team Acknowledgement FAQ
Explanation
The financial system does not produce any goods, nor does it trade in
goods. Instead, it provides services to intermediate and facilitate the flow
of resources from sectors with a surplus of financial resources, which they
can lend, to sectors with a deficit of financial resources (who need to
borrow).
Explanation
Key products and services created by the financial sector include savings
vehicles that allow savers to safely store their savings in order to consume
more in the future; credit instruments to efficiently channel savings from
surplus sectors to finance investments; and products to mitigate financial
risks through diversification.
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