A well-functioning financial system does all of these EXCEPT: a. foster economic growth by directing savings to its most productive use. b. allocate risk among market participants. c. eliminate systematic risk through diversification. d. direct resources from savers to borrowers.

Microeconomics A Contemporary Intro
10th Edition
ISBN:9781285635101
Author:MCEACHERN
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Chapter13: Capital, Interest, Entrepreneurship, And Corporate Finance
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A well-functioning financial system does all of these EXCEPT:

a. foster economic growth by directing savings to its most productive use.

b. allocate risk among market participants.

c. eliminate systematic risk through diversification.

d. direct resources from savers to borrowers.

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