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Financial Programming and Policies, Part 1: Macroeconomic Accounts & Help yvesdusabirema
Analysis
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Course / Module 4: Monetary & Financial Sector Accounts / Introduction

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Module 4 due Nov 4, 2022 15:13 PDT Completed
In this set of questions, you will review the broad concept of the monetary
& financial sector.

Checkpoint Question 4.1

1.0/1.0 point (graded)
What are the main functions of the financial system?
Intermediate financial flows across economic sectors, provide the
means through which payments can take place, and collect savings
generated in one sector and allocate them to sectors that require
financing.
Provide public goods.
Produce consumption goods.
Import goods and services from abroad.


Explanation
The financial system does not produce any goods, nor does it trade in
goods. Instead, it provides services to intermediate and facilitate the flow
of resources from sectors with a surplus of financial resources, which they
can lend, to sectors with a deficit of financial resources (who need to
borrow).

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Checkpoint Question 4.2

1.0/1.0 point (graded)
What kinds of products and services does the financial sector create?
Saving vehicles, which allow one to safely store savings for future
use.
Credit instruments, which allow one to allocate savings to finance
investments.
Diversified financial instruments which allow one to mitigate
financial risk.


Explanation
Key products and services created by the financial sector include savings
vehicles that allow savers to safely store their savings in order to consume
more in the future; credit instruments to efficiently channel savings from
surplus sectors to finance investments; and products to mitigate financial
risks through diversification.
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Checkpoint Question 4.3

1.0/1.0 point (graded)
Which of the following statements about the monetary and financial
accounts are correct? Select “True” or “False” from the drop down boxes.
These accounts provide information on the balance sheets of the
different types of financial intermediaries. In particular, they record the
net position of the financial sector vis-à-vis the other sectors of the
economy.
True  Answer: True
The financial accounts are generally available with little delay in most
countries, and they are among the most reliable of macroeconomic
statistics.
True  Answer: True
These accounts focus on variables such as money, credit, foreign
assets, and liabilities.
True  Answer: True

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