The U.S. financial system is composed of (1) policy makers, (2) a monetary system, (3) fi nancial institutions, and (4) financial markets. Indicate which of these components is associated with each of the following roles. a. Accumulate and lend or invest savings b. Create and transfer money c. Pass laws and set fi scal and monetary policies d. Market and facilitate transfer of financial assets

EBK CONTEMPORARY FINANCIAL MANAGEMENT
14th Edition
ISBN:9781337514835
Author:MOYER
Publisher:MOYER
Chapter2: The Domestic And International Financial Marketplace
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The U.S. financial system is composed of (1) policy makers, (2) a
monetary system, (3) fi nancial institutions, and (4) financial markets.
Indicate which of these components is associated with each of the
following roles.


a. Accumulate and lend or invest savings
b. Create and transfer money
c. Pass laws and set fi scal and monetary policies
d. Market and facilitate transfer of financial assets

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