Components of Financial System E.g. Banks, Insurance, NSE, SEC, CSCS - SS2 Accounting Past Questions and Answers - page 1
Which component of the financial system provides protection against financial losses due to unexpected events?
Banks
Insurance
Stock exchanges
Securities and Exchange Commission
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What is the role of the Central Securities Clearing System?
To oversee the securities markets
To provide clearing, settlement, and depository services for securities transactions
To provide loans to individuals and businesses
To regulate stock exchanges and brokers
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What is the function of the Securities and Exchange Commission?
To provide loans to individuals and businesses
To regulate stock exchanges and brokers
To provide protection against financial losses
To oversee the securities markets
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Which component of the financial system acts as an intermediary between savers and borrowers?
Insurance
Stock exchanges
Central Securities Clearing System
Banks
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Which component of the financial system provides a way for companies to raise capital by issuing stocks?
Securities and Exchange Commission
Banks
Central Securities Clearing System
Stock exchanges
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What services do banks provide?
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What is the function of the financial system?
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