At the broadest level, the financial system moves the economy's scarce resources from

a. the rich to the poor.

b. financial institutions to business firms and government.

c. households to financial institutions.

Question

Jamar Glover

Business

23 July, 11:39

At the broadest level, the financial system moves the economy's scarce resources from

a. the rich to the poor.

b. financial institutions to business firms and government.

c. households to financial institutions.

+1

Answers (1)

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Mira Mathis · Answer 1

Answer: A - the rich to the poor

Explanation: At the broadest level, the financial system moves the scarce resources from the rich to the poor.

This means that at this level, the rich save more of the resources because they have more than enough while the poor borrows more cause they do not have enough to spend now and would prefer to borrow to meet their needs.

At the broadest level, the financial system moves the economy's scarce resources froma. the rich to the poor.b. financial institutions to business firms and government.c. households to financial institutions.

At the broadest level, the financial system moves the economy's scarce resources from

a. the rich to the poor.

b. financial institutions to business firms and government.

c. households to financial institutions.