BUSINESS 21056 (BEc)

Economics of Money, Banking & Financial Markets, 4e (Bus. Schl. Ed.) Chapter 2 An Overview of the Financial System 2.1 Function of Financial Markets 1) Every financial market has the following characteristic. A) It determines the level of interest rates. B) It allows common stock to be traded. C) It allows loans to be made. D) It channels funds from lenders-savers to borrowers-spenders. Answer: D AACSB: Reflective thinking 2) Financial markets have the basic function of A) g...

) The primary purpose of the Statute of Frauds is to ensure that the terms of important contracts are not forgotten, misunderstood, or fabricated. Answer: TRUE Diff: 2 Topic: Statute of Frauds - Writing Requirement 2) The source of the Statute of Frauds today is a federal statute. Answer: FALSE Diff: 2 Topic: Statute of Frauds - Writing Requirement 3) A promise made in consideration of marriage need not be in writing under the Statute of Frauds. Answer: FALSE Diff: 1 To...