Which of the following can be described as the important functions of financial system?
1. It enables the pooling of funds for setting up large scale enterprises.
2. It provides a way for managing risk and uncertainry.
3. It provides a mechanism for spatial and temporal transfer of resources.
4. It generates information that helps in coordinating decentralized decision-making.

A. 1, 2 and 3

B. Only 1

C. Both 2 and 3

D. 1, 2, 3 and 4

Answer: Option D