What solution did most financial experts suggest be undertaken in response to the poorly developed financial markets in the 1990s?
A)Efforts should focus on organizing financial intermediaries.
B)Governments should allocate funds to the appropriate borrowers.
C)Hundreds of billions of dollars should be spent to develop financial markets.
D)The nations should rely on global financial markets and not develop their own.

Question

Quizplus · Accepted Answer

Most financial experts suggested that efforts should focus on organizing financial intermediaries, such as banks and other financial institutions, to improve the effectiveness of the financial markets. This would allow for better allocation of funds and more efficient investment opportunities. Option B is not feasible or sustainable as governments cannot always allocate funds to the appropriate borrowers. Option C requires too much investment and might not guarantee success, while option D is not a solution but rather a statement of fact.

What Solution Did Most Financial Experts Suggest Be Undertaken in Response