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Which of the following can be described as the important functions...

This question belongs to Commerce Banking And Financial Institutions
Banking and Financial Institutions
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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.

Answer & Solution
Correct Answer: Option D
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